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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Salt Lake Potash Limited | SO4 | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.45 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.45 | 2.45 |
| Top Posts |
|---|
Posted at 08/8/2023 09:41 by kennyp52 Just one big con ..Commencement of sales process - Korda Mentha 10 March 2022 • Measured Mineral Resource for the Project has increased 108%, from 0.90 Mt of Potassium to 1.87 Mt of Potassium based on drainable porosity. • Upgrade of Indicated Mineral Resource for the Project has increased 156% from 0.90 Mt of Potassium to 2.30 Mt of Potassium based on drainable porosity. SO4 has upgraded its JORC Code (2012) compliant Mineral Resource estimate for the project further. |
Posted at 08/8/2023 08:15 by noirua Removal from Official List: essentialscutty 07/08/23 Post #: 69202093 Interesting to read today about Kalium going into Administration last Friday. The same AFR story noted CEFC $US47m loan to SO4 has been written down to $5.5m or 9c in the $. Looks likely secured lenders have taken a major haircut in approving the sale of SO4 to Sev.en. The class action may involve more than SHs? [...] www.australianresour |
Posted at 21/3/2023 10:30 by noirua MicksterB07/03/23 Post #: 66649369 Share Hello heres the latest from KPMG putting the onus on KordaMentha for shareholders: "We advise that at the reconvened second meeting of creditors of the Company (and subsidiaries) held 2 December 2022, a Deed of Company Arrangement (DOCA) was accepted by the creditors of the Company. The DOCA was executed on 23 December 2022 and the terms of the DOCA were fully complied with and hence the DOCA effectuated on 5 January 2023. As such we are no longer the Administrators of the Company and our role has converted to Trustees of the Salt Lake Potash Creditors’ Trust for the purpose of distributing a return to creditors (excluding shareholders). Salt Lake Potash Limited currently remains subject to the appointment of Receivers and Managers from KordaMentha. We understand that the Directors intend to work with Receivers and Managers to pursue an opportunity for the recapitalisation of SO4. Shareholders will be informed of any updates when the recapitalisation plan is proposed. There has currently been no declaration that the shares of the Company are worthless." |
Posted at 09/10/2022 09:15 by noirua KPMG - 7 October 2022Australia Salt Lake Potash Pty Ltd and Piper Preston Pty Ltd |
Posted at 06/10/2022 12:46 by noirua Recapitalisation of SO4 - 6 October 2022Binding offers for the recapitalisation of ASX: S04 and/or the acquisition of its subsidiary interests are due by 30 October 2022. Schedule of Entities Irve Holdings Pty Ltd ACN 633 114 619 Two Lake Holdings Pty Ltd ACN 633 114 637 SO4 Fertiliser Holdings Pty Ltd ACN 633 114 628 Irve Developments Pty Ltd ACN 634 354 215 Two Lake Developments Pty Ltd ACN 634 354 233 SO4 Fertiliser Developments Pty Ltd ACN 634 354 224 Restructuring Services Share KPMG helps management to stabilise the business, reorganise borrowings, enhance profitability and build a platform for sustainable growth. |
Posted at 07/9/2022 15:24 by noirua essentialscutty07/09/22 15:55 Post #: 63569203 I saw this in the AFR and wondered if it is just more gossip. According to the ASX we have three remaining Directors Chair Ian Middlemas, Matthew Bungey and Phil Montgomery in the listed entity that has just renewed its listing fees for another 12 months. If the SO4 business is sold out of the listed entity as a going concern then it will be lawyers for sure with SHs. Interesting times. |
Posted at 06/9/2022 12:00 by noirua Dona Ferentesκατ&# there's a report that SO4 has found a buyer. Macquarie Capital had locked in an offshore buyer to buy Salt Lake’s assets, and was working through the final pricing details on Tuesday evening [ NSW time]. Sources expected the buyer to sign the dotted line within in the next 48 hours.... |
Posted at 02/8/2022 21:32 by noirua kennyp52, those over on Hotcopper are following this one more closely and they are not that confident of a good outcome. As I got back in again after many years out of SO4 at an average of 2.20p or 3.7c there is an outside chance. Anyone well over that has zero chance of a good outcome unless BHP bid very late on. Maybe KordaMentha lives in hope as we do. |
Posted at 01/8/2022 23:05 by lookingforhelp All SO4 holders are stuffed. I just feel sorry for those that doubled down and went into Sovereign Metals as well...they will probably end doing their dough as well. |
Posted at 22/7/2022 22:54 by noirua Jgr64 on HotCopper456 Posts. 135 21/07/22 09:43 Post #: 62644798 Share Interesting development at RWD, with the company going into a suspension "pending the release of an announcement regarding a material acquisition". Given the timing, could RWD be acquiring the assets of SO4 ? RWD's market cap is only $19.5m, so how would they fund such an acquisition even if it was only cents in the dollar? Hypothetically, if RWD did a capital raise to buy the SO4 assets, would you participate. |
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