TSXV:AAA.P - Post by User
Comment by
BillyJoneson Apr 04, 2014 8:13pm
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Post# 22414731
RE:RE:RE:From Latest Article
RE:RE:RE:From Latest Articlesdomae wrote: Here it is. In red just to show the direction the SP went in after the ICL announcement. I wonder what's up with Liberty. Are they in or out? What do you know bashertrasher?
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FUNDS FROM HIGH PLACES
Powerful partners help offset some of those risks.
Verde scored a $105 million commitment in loans, equity and grants last month from the Brazilian government, worth 90 percent of the construction cost for its first phase.
Allana signed a partnership in February with the world's sixth-largest potash producer, Israel Chemicals Ltd, which agreed to buy at least 16 percent of Allana's regular shares and the mine's output.
The company's Ethiopia site has also brought on board the International Finance Corp, a member of World Bank Group, which took an equity stake and agreed to help with construction.
Western Canada is more stable politically than East Africa, but in the current environment to finance a potash project, "you're better off being in a developing nation," Allana's Abasov said.
"We're talking about fertilizer, a food-related product, in a country that has been experiencing recurring famines until recently. There's a great overlap of all interests."