Globe says Allana trades at a discount to its peers

The Globe and Mail reports in its Thursday, Jan. 13, edition that Andrew Cook and Associates portfolio manager Andrew Cook is keen on Allana Potash. Clea Simos writes in The Globe's BNN Market Call column that Allana Potash stock shed two cents to close Wednesday on the TSX Venture Exchange at 77 cents. The stock has a 52-week range of 31 cents to 82 cents. Mr. Cook says: "Allana Potash Corp. is focused on its Ethiopia Potash project. We expect that as the company derisks the project and proves up resources, the share price will rise significantly to close the significant discount at which it trades to its peers." In his general outlook Mr. Cook says: "We believe that we are in a powerful bull market led by emerging markets and sectors driven by demand from these economies. While we have had a strong move off the market bottom, we do not expect a significant correction at this time as the next leg should be driven by a flow of funds into equities from other asset classes. We expect that resources will be a leading sector and that within this we are in a period of transition in leadership from precious metals to economically sensitive commodities such as base metals and oil."