Som mycket riktigt påpekats i kommentarerna så har Salman Partners startat bevakning av Allana med en 12-månaders målkurs på $1.20.
Allana Potash has "first mover advantage" in Ethiopia, says Salman Partners
"Allana Potash (TSE:AAA) received a "buy" recommendation and 12-month target price of $1.20 Tuesday from equity research firm Salman Partners, saying the potash explorer has a "first mover advantage" in Ethiopia.
Allana is advancing the Dallol potash project toward a full feasibility study for the construction of a one to two million tonne per year solution mine using solar evaporation, with first production targeted for the end of 2014.
The Dallol potash deposit, Allana’s principal project, is located in the Danakhil Depression, a desert area in northeast Ethiopia, south of the border of Eritrea. The deposit lies at the northern end of the Ethiopian Afar State, approximately 100 kilometres from the Eritrean Red Sea coast and 600 kilometres by road from the deep-water port of Djibouti.
Salman analyst Andrea Rubakovic said the hot Danakil climate is "ideal" for these mining and processing methods, as it "significantly reduces the high capital and operating costs that accompany most potash mining operations"
Lite kommentarer om rekryteringen av Richard Kelertas från två olika källor:
"Peter Koven, Financial Post (4/23/12) "A few weeks after Dundee Capital Markets announced Richard Kelertas was departing the company, Allana Potash Corp. hired the veteran analyst as head of corporate development. Mr. Kelertas was a highly regarded equity analyst for 25 years. . .Mr. Kelertas was one of the first analysts to pick up coverage of the junior potash company, which has a project in Ethiopia and is part of Stan Bharti's Forbes & Manhattan Group."
Brad Lamaire, Proactive Investors (4/23/12) "Allana Potash Corp. has appointed investment analyst Richard Kelertas as senior vice president of corporate development. . .he has been ranked a 'Top Gun' equity analyst by Brendan Woods International for the past seven years, and was also only one of 14 analysts in Canada to be named 'Super Leaguer Analyst' in 2010. . .the company also reported that it has intersected strong potash mineralization in three holes at Dallol, prompting it to extend its drill program in the southern boundary of Ethiopia. Hole 35 intersected 5.7m of 31.3% potassium chloride (KCl) in the sylvinite zone and included a higher grade interval of 3m of 39.1% KCl."