Hpmark7, I don't see it that way. Management are not the ones who are delaying anything. Government bureaucracy and financial institutional requirements are delaying the financing commitments by the lenders. Management was too optimistic in their timelines. But they have met all milestones. As Ferti pointed out, the delay in financing is due to the requiremnts that all taxation, customs and Foriegn exchange issues be in place before the financing can be finalised. Quite frankly, I was wondering what the delay in financing was. But that info from the last NR explains a lot. Please don't forget that Afreximbank has already given the grem light to Allana for an 11 Billion BIR loan.

As for this being a gamble, well I look at a gamble as investing in an exploration company who has yet to prove up a economic resource. Drilling for gold or oil or diamonds in the exploration stage is a gamble. Allana has a feasability study, they have the mining permits, they have completed an environmental study and have an excelent experinced partner in ICL. They also have the backing of Liberty Mines as well as the International Finance Corporation. And most importantly they have the proven potash in the ground.

I suggest you enjoy your summer and don't look for any price movement till the fall as the anticipation for financing builds. No one is expecting financing till October to December so no one is in a hurry to invest. And my no one, I mean institutional investors. They are the ones who will move the share price. And they will be investing in Allana when financing is nearer.

Patience. Think about it. Everything is going according to plan. But it takes time.

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