Ethan's post on SH
posted on
Jan 28, 2015 10:39AM
Focusing on the Dallol Potash Project in Ethiopia
Have to agree in part to most of that analysis. Here is what I posted back in November 2014.
He did say they want to complete the PEA on SOP before the lenders decide anything on financing. SOP and water recharge rates results wont be in till mid March. Four more months for lenders to examine the results. He is hopeful to have news on financing by first half of 2015.
Okay, so much for Q4 (2014) or Q1 (2015), let's go with Q? (year ?).
The carrot is getting some rot on it.
Thanks
Marc
My opinion is still the same, but I'm not even sure about financing this year.
Last night I was thinking of what else will they come up with to buy us more time? Will they all of a sudden flush diamonds out of those caverns? We'll need a new study on this one etc. etc. etc.
My point is, our goal was MOP, let's get this project going, generate some revenu, and work from there. Studies are obviously not doing the share price any good.
Thanks
Marc