Ubika Research initiates coverage on Allana Resources Inc. A pure play on potash
TORONTO, Canada - Ubika Research has initiated coverage on Allana Resources Inc. (TSXV: AAA) in a report, "Initiating Coverage: Previously explored potash asset in one of the largest evaporite basins in the world makes Allana a likely gem" (Feb 26, 2009). Ubika considers Allana a pure play on potash as it currently has a high-potential property in Ethiopia that can generate significant potash resource. Allana is rated Speculative Buy by Ubika Research, with a 12-month target of C$ 1.02.
Download the free report at http://www.ubikaresearch.com/report/Allana-Resources.aspx
About Allana Resources Inc.
Allana Resources Inc. (TSX-VEN: AAA) is a Canadian potash company focusing on the exploration and development of a previously explored Dallol potash property in the Danakil Depression, Ethiopia. The Danakil depression had small-scale potash production in the 1920’s and was extensively explored in the 1960's with nearly 300 potash drill holes. The Company has a strong management with experience in potash industry and 43-101-compliant resources of over 100 million tonnes.
About Ubika Research
Ubika is a specialized research and analytics company with operations in Toronto and Vancouver, Canada. We create value for our clients and partners by building strategic solutions, using a portfolio of proprietary methodologies ranging from data and model management to knowledge-driven advanced analytics. For more information visit www.ubikaresearch.com
Disclosure
Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
Ubika Research, a division of Ubika Corporation, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit:
http://www.ubikaresearch.com/report/Allana-Resources.aspx





