K2P 0.00% 18.0¢ kore potash limited

DDzx,I have been advised by management that they are unable to...

  1. 1,141 Posts.
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    DDzx,

    I have been advised by management that they are unable to buy at the present time as it is a closed period for them. They are currently meeting with bankers.

    Also, if Allana can get 65% debt financing then I hope ELM can trump that.

    http://seekingalpha.com/article/707701-allana-potash-s-increasingly-positive-developments-in-2012

    "Third, Allana Potash has already got a $US 20 million financing deal in February 2012. This means it can complete the feasibility study without any problems. Allana Potash currently has approximately $US 58 million in cash on hand. By the time that project financing will be received, it is estimated that 35% of the project financing will be done by equity financing. The other 65% of project capital will be acquired by debt financing."

    Vale appear to be very keen for Potash according to this article. I wonder if they are having a close look at ELM:

    http://www.trefis.com/stock/vale/articles/131014/vale-is-worth-26-as-brazil-approves-potash-deal-with-petrobras/2012-07-09



 
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