Things are getting very interesting right next door to STB Potash deposit in Ethiopia folks:
Feb 01, 2010 (BAYSTREET NEWSWIRE via COMTEX) -- TORONTO, Canada - Ubika Research has issued a research bulletin on Allana Potash Corp. (AAA) in a report, "BHP's potash acquisition in Saskatchewan - Will this bring Allana into play?" (dated February 1, 2010). On January 28, 2010, Australia based mining major BHP Billiton plc (US:BHP) announced that it will purchase Athabasca Potash Inc (API) for about $341 million. BHP owns the Jensen project which is adjacent to Athabasca's potash property in Saskatchewan.
Allana's properties in Danakhil basin (Ethiopia) are adjacent to BHP's Ethiopian properties. Ubika Research views these developments favourably as it underscores the potential value of Allana's potash properties in Ethiopia. Download the free report at http://www.smallcappower.com/microsite/research_reports.aspx?CompanyID=7
STB Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held