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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.


TSXV:AAA.P - Post by User

First Tidal Acquisition Corp > Chart comparison Allana vs Typical Mine
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Comment by bashertrasher1on Jan 02, 2015 3:07pm
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Post# 23280656

RE:RE:RE:RE:Chart comparison Allana vs Typical Mine

RE:RE:RE:RE:Chart comparison Allana vs Typical MineI noticed that you didn't answer my question. Where is the SP going if / when we get financing?

Ocean, the lending bank(s) care about one thing and one thing only; Can the company pay back the loan (with interest) within the time frame of the term of the loan. Thay rare in the money lending business, not the mining business. Of course a higher potash price would mean more PROFIT for Allana, but the banks only care about whether Allana can make ENOUGH profit tp repay the loan.

oceaneleven wrote: The BFS handed to lenders awhile back does not reflect proper potash pricing, therefore longer times to pay back investment etc...So me thinks the lenders wanted to see more....more support to ramp up more volume/water, technical stuffies....maybe even the SOP was questioned and asked by lenders why no work was done on this to support project......


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