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.
© 2014. All rights reserved.
