Allana Potash Corp (AAA.TO) Buy, Sell or Hold

Allana Potash Corp (AAA.TO)

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26 watching

DON'T BUY

The potash deposit this company has is fabulous. He’s been cautious on all Junior companies in this environment. You may have the greatest deposit in the world, but if you need financing, you may have to issue new stock. There is also the political risk.

DON'T BUY

Small, potash play in Ethiopia. Stock is bouncing all over the place. Potash prices are probably not high enough to have someone come in and spend all the capital needed to bring it into production.

HOLD

Company is fine but generally the potash market has not responded as well as the other fertilizer markets. There are also geopolitical risks. Potash is probably due for a bit of a bounce but will probably be short lived because of less supplier discipline than has been in the past.

DON'T BUY

Potash. When you are looking at a sector and the blue-chip in this sector is hammered down, there is no upside in going with the more peripheral play. You should really be looking at Potash (POT-T). This is the blue-chip and it has been bombed out and typically trades between $40 and $60 and is at the low end of that range.

DON'T BUY

In the horn of Africa. He prefers Saskatchewan.

BUY

An African play and there are likelihood of potential of take agreements coming in. Grades of potash coming in are excellent. In the $.80-$.85 level this looks interesting.

DON'T BUY

Potash in Argentina and Ethiopia. Shallow digging but not much infrastructure. Having got earnings yet. The whole agriculture sector is being cratered. The giants are closing down mines.

DON'T BUY

Seems like a fantastic deposit. It will depend on how the sector does and he is quite negative on it for the next 12-18 months.

COMMENT

Very volatile security. If you own, use any further rallies as an exit point. Big resource and will need a ton of capital to put it into actual production.

DON'T BUY

Potash in Ethiopia. This is not one of her “go to” names. If you like potash and you want to get into the junior space, she would prefer something like Western Potash (WPX-T) or Karnalyte Resources (KRN-T), which are in safe jurisdictions and their profitable projects.

DON'T BUY

Most people under estimate how expensive it is to bring on potash discoveries. Be cautious at this point in the cycle because it is a junior that is not producing

DON'T BUY

Parabolic move, then it dropped. It is tough to say where you have support. Probably about 60 cents you have to sell it. Look to a big name.

HOLD

Potash. Doesn't follow the potash industry that much but he was in Ethiopia and from what he saw, their deposit is as good as the BHP deposit which is next door. Expect they will be taken over it eventually by BHP.

BUY

Likes this space. Potash is starting to perform well. Because it is in Somalia, you are taking on more risk with this company but everything works out you get more reward. Good management team.

PAST TOP PICK

(A Top Pick Jan 12/11. Up 81.82%.)

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Allana Potash Corp (AAA.TO) Frequently Asked Questions

What is Allana Potash Corp stock symbol?

Allana Potash Corp is a OTC stock, trading under the symbol AAA.TO (previously AAA-T on Stockchase) on the undefined (undefined). It is usually referred to as or AAA.TO

Is Allana Potash Corp a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on AAA.TO (previously AAA-T on Stockchase) on Stockchase. Read the latest expert commentary for Allana Potash Corp.

Is Allana Potash Corp a good investment or a top pick?

Allana Potash Corp was recommended as a Top Pick by Andrew Cook on 2011-09-01. Read the latest stock experts ratings for Allana Potash Corp.

Why is Allana Potash Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Allana Potash Corp.

Is Allana Potash Corp worth watching?

Allana Potash Corp is followed by 26 investors on Stockchase and is a trending stock that is worth watching.

Most Recent Experts

Joe Terranova

Virtus Investment Partners

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Rob Sechan, Managing Partner, New Edge Capital

New Edge Capital

Gordon Reid

GoodReid Investment Counsel

Jim Cramer - Mad Money

CNBC

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Allana Potash Corp (AAA.TO)