Thursday, October 13, 2011
The Allana Investment Opportunity
Ethiopia's potash resources are of similar scale to the Saskatchewan and the Russian basins. A Canadian / Chinese partnership with about 30 million dollars capital has started to explore the Allana mine and rumors say that the venture may be taken over by BHP Billiton. The share price (in the Canadian stock market) has jumped 23%. Potash development requires 5 - 7 years and political stability, which is not one of the Horn of Africa's attractions. An uncertain enterprise with illiquid stock.
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Investment
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