Allana Resources

why didn't ICL make a takeout bid instead of doing the PP . Without the $25 million Allana would of run out of money before the end of the year and the price would of fallen lower .

Their particpation in the project also allowed Allana to fulfill a major requirement by lending banks.

ICL's 30 % does give them less shares to buy if they decide they want it all in the future .

As it stands AAA management will do all the work to get the mine built. ICL gets their new supply of potash , make money when AAA's share price increases and gives them some leverage with the Israel government.

It could be a win win situation. Lets hope there is one more win and that is us shareholders.

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