Salt Lake Potash Share Discussion Threads

[horndean eagle] 16/9/2018 16:18

Thanks Brian. May have to rely of on of these promotions to unload. Been progressing far too slowly for my liking. I guess one of the key reasons for being on board is track record of management. They seem to have delivered in the past. Hopefully can again.

[briangeeee] 15/9/2018 09:41

HE, I did a bit of work on this a couple of months ago, and put a number of Qs to management. Most were answered satisfactorily, but the big one for which there wasn't a satisfactory answer was resource/reserves, and project economics after the 'easy' near-surface brine is extracted.

The pilot scheme relies heavily on a trenching system to both collect and transport brine to the evaporation ponds. There are a number of deep extraction pumps, but these seem token in comparison to the surface trenches. The resource calculations assume around 100m depth, which is way beyond the shallow trenches evaluated. There is talk about rain replenishment, but that only replenishes water, not the near-surface minerals.

Given there is no BFS that properly evaluates resource and recoverability, and no convincing explanation of post-initial phase recovery, it feels something like a promote.

[lenses] 14/9/2018 08:03

RNs.

APC mou on sharing at Wells.

Expect the two will merge in time.

100mt+ of jorced sop at Wells.

L.

[horndean eagle] 31/7/2018 13:52

Looks good but its obvious needs funding. Would hope they can tie that in with signing up an offtake which helps part fund the project.

[aspex] 31/7/2018 09:44

SO4 published updated Scoping Study and updated Company Presentation in Australia today. These retrieved the fall in price from yesterday's Quarterly.

[greg the grinch] 21/6/2018 12:17

MOU not binding.... therefore who would loan at a good rate?

I also wonder if there will be at least 2 equity raises = 2x chances for shareholders to be rolled over? 1. to get the test plant up, 2. the main plant and maybe even one before this to keep the light turned on as the cash is running low?

The project does have a number of other risks.

Having said all that I can see there is potential but entry will be key as any rises will be sold into for the next placings ala SXX.

GLA

[aspex] 20/6/2018 22:25

The MOU with Mitsubishi Australia gives SLP a useful access to finance since They have a commitment to 50% off take at an agreed price.
Not suggesting that equity raise is avoidable but that the pathway to profitability is eased from a demo plant with 50000 ton output.
It is worth following at hxxps://hotcopper.com.au/asx/so4/ for Australian perspective.

[greg the grinch] 20/6/2018 21:33

Hmm... after some extra research... the cash in hand and burn rate I cant see how there will not be a placing around the corner.

GLA

[greg the grinch] 20/6/2018 18:03

Hi L.

I have done a decent amount of research and having been on the wrong side of a placing more times than I can count it seems to me that one is more likely than not.

Lots of talk about comparisons with SXX, which I hold, but SXX bit the bullet with a large placing to get things moving... cant help but think that would be the best thing to do here as Mitsubishi are going to want too large a chunk and it all becomes complicated with various constaints?

Thanks for the info.

[lenses] 20/6/2018 16:47

Hi Greg. From 30/4 RNS:

"MOU for Offtake with Mitsubishi

The Company executed a MOU for an Offtake Agreement with Mitsubishi for the sales and offtake rights for up to 50% of the SOP production from a Demonstration Plant at the GSLP, for distribution into Asia and Oceania and potentially other markets.

Salt Lake Potash is progressing its GSLP development strategy, initially involving construction of a Demonstration Plant producing up to 50,000tpa of high quality SOP, with it plans to distribute production through a small number of global distribution partnerships.

The Mitsubishi MOU is non-binding and sets out the key terms for a subsequent formal Offtake Agreement as the Demonstration Plant is developed. As well as quantities and target markets, the MOU's other terms include:

-- Market pricing and commission mechanisms;
-- Specifications and delivery parameters;
-- Mitsubishi to provide strategic advice on marketing within the region; and
-- The parties to continue discussions regarding funding requirements for the GSLP. "
===============
I expect Mitsubishi to provide cash in exchange for a chunk of SLP. The production facility at Wray then gets built and cashflow arises.

PDYOR.

L.

[greg the grinch] 20/6/2018 12:27

How much cash left and when is the next placing?

TIA

[lenses] 25/5/2018 04:45

Hi mullaned.

Name change was 27 11 15. Check so4 news feed here.

Fmu your certificate is valid. A broker will tell you. Best to enquire to a UK or AUS co. The consolidation was 30 to 1 Dec '14. So 1.1p in old money.

L.

[mullaned] 24/5/2018 11:47

I bought into Wildhorse energy (AU:WHE4)and they later consolidated down by 96.6% !
That was the last I heard from them and I considered this a write off and forgot about them until I received correspondence re Salt Lake (LSE: SO4) AGM.
As SO4 are showing some recent signs of hope are my Wildhorse PAPER certs till valid or should I have received a SO4 cert? I cannot seem to find info about the WHE4 to SO4 change.
I live outside Australia, NEW Zealand or UK
Grateful for any advice thanks

[aspex] 15/5/2018 08:31

The MOU with Mitsubishi surely gives positive signals for financing of the pilot plant. The pilot size is big enough to provide a positive cash flow after borrowings.
All IMHO and dyo.

[aspex] 11/5/2018 10:12

Worth the effort to read this report



Align have it as a conviction buy at 132p!

[aspex] 10/5/2018 09:15

Dipped a toe in here. Already holding on ASX.Progress though not certain seems very likely in view of good markets available for the product.

[lenses] 30/4/2018 08:11

Quarterly report out.

This is going places.

L.

[mikkydhu] 09/4/2018 10:19

An important point in today's announcement is this line following the words "MOU's other terms include...": The parties to continue discussions regarding funding requirements for the GSLP.
So how much will Mitsubishi contribute to the pilot plant to get it off the ground?

In April last year the cost of the pilot plant was given as US$35 million. The company also said they would start construction in 2017 and harvest first salts in 2018. So there has been some slippage.

But with today's announcement plus the recently announced collaboration at Lake Way things may start to move forward with some specific details, especially dates, partners and costs.

[lenses] 09/4/2018 09:01

RNS: MOU signed for half demo plant production - Mitsubishi.

An understanding that there is very little in the way now before SLP will soon become a producer of SOP.....and may become a very significant global player with that, may just be starting to dawn.

Study showing 400kt/y production feasibility from one lake. Nine lakes licenced!

L.

[lenses] 28/3/2018 07:58

290 -458mt of SOP in Goldfields.

Sells at $600+ per tonne.

RNS.

L.

[lenses] 16/3/2018 10:21

Aye Pre, they are building a mine, inevitable it'll cost. I guess what is being evaluated here is how much and how quick will be the payback. The MOU has great potential to accelerate there fmu.

ATB.

L.

[pre] 16/3/2018 09:36

what's the reason for the reduction of circ. $5m in cash & cash equivalents in 6 months from 30 june 17 to 31 Dec 17?? That's some cash burn imo!!

[lenses] 16/3/2018 08:22

Rising strongly on results rns.

Overnight on Aus = 35p.

DYOR.

L.

[lenses] 15/3/2018 10:10

Pushing ahead now. Thin trade, pure buys, tightly held.

DYOR.

L.

[lenses] 12/3/2018 08:20

RNS

MoU with neighbouring co offering significant synergies.

Great potential with this co, PDYOR.

L.