TSXV:AAA.P - Post by User
Comment by
Fertimanon Apr 21, 2015 8:34am
156 Views
Post# 23649176
RE:tragedy or what?
RE:tragedy or what?Wounded... Excellent post. I believe you stated the situation very well for the longs here... The moving goal post called financing was like Lucy pulling the football out as Charley Brown went to kick it... One can only hope CCCC are looking to put in a competitive offer but I wouldn't count on it...
woundedknee wrote: A long term shareholder who owned this stock from the time this was named Allana Resources up until this recent accepted buyout by the present BOD must have felt like being kicked in the guts. Because after following all the NRs over the years, this was touted a very good long term investment. An investment going back from the name change, to the first drill rig crossing through customs, discovering different grades of potash, buying land from Nova to secure water, having a port in Djibouti built for no cost, plans to haul product by truck on newly paved roads, possibilty of rail transportation, SOP. and many, many more indications that this was a very low cost operation and deemed to be very profitable even at depressed prices. Timelines to production was getting ever so closer, but the big deception (maybe too strong a discription) in my opinion was the constanrt reference that financing was just around the corner. How much was paid to BNP Paribas who were hired at least two years ago to explore financing? What were the true results of BNP Paribas conclusions, if any, of any importance? I think Farhad knew financing or at least favourable financing was not available under the present market conditions and capitulated leaving shareholders holding the bag. Shareholders(not traders, but real shareholders) deserved better. All of course in my humble opinion.