First Tidal Acquisition Corp T.AAA

Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.

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First Tidal Acquisition Corp > Investor cube. Financial post article

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Comment by Stockstag1on Aug 01, 2014 1:45pm

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Post# 22803464

RE:RE:RE:RE:Investor cube. Financial post article

Stockstag1 wrote:

Stockstag1 wrote:

Stockstag1 wrote:

Stockstag1 wrote:
Highlights from the article:

Allana's estimated capex costs of U.S. $642M and total opex of $125/tonne will allow the Company to deliver a high rate of return once the mine is producing 1M tonnes/year. Even at a US$300-350 spot price, Allana can be profitable.

Location proves itself to be a competitive advantage as Allana's Danakhil Potash Project is situated in the growing African market. Ethiopia is a geopolitically stable and mining-friendly jurisdiction whose government is taking on many expenditures related to building infrastructure. Additionally, Ethiopia's high temperatures are ideal for accelerating the Danakhil mine's solar evaporation process.

Finally, the strategic partnership signed with Israel Chemicals Ltd. (ICL), the 5^th largest Potash producer in the world, is a tremendous vote of confidence for the project. The ICL deal includes 3 key components: financial support, a take-or-pay off-take for 80% of production, and technical co-operation.