Thank you for your blog. After wading through senseless garbage on bullboards, it’s good to read from a guy like me – normal, accumulate shares, believe it’s a sweet spot, wait for the process to complete. I enjoy your writings.
Happy to hear you find some value here. Your appraisal pretty much sums me up. Welcome, and Cheers! Cam 🙂
All the best for the Holiday season and the New Year!!!
Same to you Richard. Hope you’re resting up well for the what promises to be a whirlwind 2013! Cheers, Cam & family.
Great Work, Have been in since 2009 as well first buy was 19c and while I should have sold on that meteoric rise to over $2 – have accumulated over last 3 + years – this is a case where I have fallen in Love w/ a stock a cardinal sin, but one I’ll live with
Thanks David. Me too, 2009 in and out from about .16 and bought in for real at .255 with the “multiple unsolicited offers” NR. My horizon was always to production or buyout from that day forward, so no regrets and it’s all progressed to plan in a relatively short time. Good luck and here’s to an exciting next couple years for Allana and especially Ethiopia, who will actually gain the most from the development of the Danakhil potash resource. I don’t think most Ethiopians have any idea how much money Allana and Ethiopotash’s ops will bring into the economy, but they will soon enough.
I am an Ethiopian-born Canadian. I am closely watching the drastic developments that would make Ethiopia’s poverty a distant history. It is now time for Africa to grow using its own resources rather than depending on foreign aid for subsistence.
It struck my mind that why Ethiopia was straving while there is a lot of potash that can be used to produce abundant food. Ethiopia has received several billions of food aid in the past 30 years only to respond to hunger. A fraction of that money would have transformed the country’s agriculture if the potash mines were developed. Allna’s stock is my first investment in stocks ever. I thank the Canadian and US governments for supporting Ethiopia’s economic development. There are other Canadian companies developing gold reserves and other minerals.
Couldn’t agree more. I continue to wonder why it’s taking so long to move this forward, but I sense there are those who’d rather not see Ethiopia thrive. Potash released to the soils of all Sub Saharan Africa will unleash an abundance of food and everyone will prosper. The other fertilizer plants, logistics, access to finance and markets through cooperatives organisation all need to come together too, but sourcing fertilizer inputs at prices not charged at rent seeking premiums to world prices is a great start.
Great blog site. I want to add http://www.meleszenawi.com to your list of Ethiopian blog roll.
Have a great day.
Thanks! I very much admire Meles Zenawi, so wherever his name and legacy appears is all the better by me. Just by coincidence I’ll always remember the date of his passing, August 20, 2012, which was my 50th birthday.
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