You would think that a significant strategic alliance that meaningfully lowers the long-term execution and financing risk for a junior mining company would mean big things for the stock of the junior miner in question. Unfortunately, that is not the case with Allana Potash (OTCPK:ALLRF) (AAA.TO), as these shares have gone nowhere on a net basis since I first wrote on them in January ("Allana Potash Offers Substantial Potential Rewards For Significant Risk").
Allana still offers a very high level of risk, but also a high potential reward should its Dallol potash mine move into production and live up to expectations. While the strategic alliance is definitely dilutive to shareholders, reduced risk offsets some of that,...
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