The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
AAA Releases Strong Drill Results
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MARC ROBINSON, Cormark Securities Inc.
(01/11/2011)
"Allana Releases Strong Drill Results: Yesterday afternoon, Allana released results from drill hole DK-10-07, which intersected two major potash zones with grades of 23.4% and 22.0% KCL, respectively, both of which are greater than the historical resource grade of 20.8%. These results are a positive indicator leading into exploration of the recently acquired Haro property, expected to recommence next week. Maintaining Buy (S) Rating and $0.95 Target Price: Since BHP's failed bid for PotashCorp in mid-August, the potash junior universe has had a very impressive run, appreciating by greater than 150%. While Allana has put up strong absolute returns, relative to the universe it has meaningfully underperformed, appreciating by ~60%. We believe that the relative underperformance of the company has largely been driven by the ongoing exploration risk associated with the stock. With yesterday's drill results, exploration risk is further mitigated, serving as a catalyst to shrink Allana's discount to its peers. Positive details on holes 8 through 10 should continue to help in this regard over the short term. While we await details on these results, we reiterate our Buy (S) recommendation and $0.95 target." |
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