According to an update report by Ubika Reseach on Allana Potash (TSX:AAA,OTCQX:ALLRF), its recent resource update together with a proximity to key demand markets and a fast growing transportation infrastructure in Ethiopia, has set up its highly undervalued stock for a large upside.
As quoted in the press release:
In its report, Ubika expects Allana to continue with its feasibility and other technical studies and establish new resource over the next 12 months. “The repurchase of company’s own shares is an indication that the management finds its shares undervalued and thus a good investment,” says the report. “Besides, the company’s world-class Ethiopian potash resources are located close to key Asian Markets such as India – the second-largest importer of potash… There are only 12 players in global potash industry so the supply is limited.”