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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

Post by Ethanbrodie123on Mar 28, 2015 10:57pm
238 Views
Post# 23573730

the other chinese company

the other chinese companyI guess if it is true that they would have given us a bigger premium, then the chances of them coming and making an offer are better than slim... If you are worried about the fact that ICL has the offtake.. it does not really matter as when the chinese company owns the project, they hedge any price increases and actually make more money when it goes up. They can also have the SOP themselves and also ramp to 2 mil per year and have an extra mil of mop for themselves.. Also it is 80% take or pay.. which would give them assurance they will make money on ICL's behalf and still have 20% for themselves.. I guess we will see how bad the chinese want it.. ?? I have my doubts that this will happen but you never know.. I was a little surprised that the share price is so close to .50 thought which made me think a little aobut maybe the rumours are more true? I dunno.. all I know is .50Cents when they were in all of those negotiations is nothing.. I don't know why management did not use that to their advantage.. It is in the interest of ICL to do a deal as israel is not good at all and they need to replace their operations. Allana is about as close to their operations as you could get.. and we got 100 million.. for not only mop but also sop.. disgusted
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