OTCEquity is a premier site for updated news and financial information regarding penny stocks and small cap companies. We offer a free newsletter, articles about penny stock trading, otc bulletin board analytical data and original news stories about the penny stock companies you are interested in.

Should Shareholders of Allana Potash Corp. (TSX: AAA.TO) be Concerned About BHP Billiton's Rumored Exit from Ethiopia?

Posted on June 18, 2012 by OTC Equity

Allana Potash Corp (TSX: AAA.TO) is getting plenty of attention on Monday following speculation that mining giant BHP Billiton is ready to abandon their potash development in Ethiopia. According to several reports BHP is already in the process of closing down the camp and auctioning off equipment, a move that many see as a bad sign for Allana. Without any word from BHP it is difficult to say with any certainty why they are exiting given the fact they have long put a premium on potash. Of course BHP's decision to exit Ethiopia is probably more about their planned project in Saskatchewan, Canada, a project that some analysts say could produce about 8 million metric tons a year of agricultural-grade potash and has already been granted approval by the environment ministry and could begin production by 2015. There are those investors who see BHP's exit from Ethiopia as a bad ...

To read the complete article sign up below; registration is free, you will only be asked to provide a valid email.

If you are not a registered user, registration is quick and easy - simply enter your email below and you are registered to view OTCEquity's Exclusive content. Your registration and membership is FREE, so register below now.