Salt Lake Potash Investors - SO4

Salt Lake Potash Investors - SO4

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Salt Lake Potash Limited SO4 London Ordinary Share AU000000SO44 ORD NPV (DI)
  Price Change Price Change % Stock Price Last Trade
-0.40 -1.57% 25.10 08:01:27
Open Price Low Price High Price Close Price Previous Close
25.25 24.60 25.25 25.50
more quote information »
Industry Sector

Top Investor Posts

statto2k: Have any investors from before Dec 10th had an issue in investing in the fundraiser?
elviron: Dartboard, To say that this is a major Rooster up would be an understatement. We were told in the summer that the Placing was not only going to fund to production but it was also going to provide a substantial buffer into ramp up. Now where's the buffer gone? There is none. Regarding the FX, you say that you do't hedge until you have exposure but you are missing that SO4 had exposure to that debt from the point that it became part of the "final" funding package. Evidently, as look what happened! They either should have built a buffer into the debt itself to cover FX fluctuations or they should have used a portion of the placing money to hedge. It's pretty pathetic - currencies change value. At the time, the dollar had had a really strong move for months, who could possibly have forseen that it might have a correction! LOL. Gas pipeline is another co k up - if there's a material chance that the funding arrangements aren't going to come through on time, then have a back-up plan. Ah sorry yes that's right, good old Tony did have a back up plan - screw investors over with another placing.
gisjob2: Aja2, Agreed, but still a bit of a blow in the short-term to any investor who listened to the board over the last few months and now sees a large raise at a discount of around 30% to the price they invested at. Trust does matter. Hopefully there is a positive spin on this and pushes things on a bit. Around 22p could be a good entry point in the long-term. It looks a cracking project with more to follow. I've been quite lucky here because I sold before the drop due to seeing another short-term opportunity elsewhere and thought that SO4 was probably going to do very little this side of Christmas. More luck than judgement and didn't expect this drop but it does present a decent entry point now and certainly one to consider if around 22p
dearg doom: Further opportunity to add on other investors' delay concerns. Pity, I already have a full position. One last purchase, maybe if share price weakens?
1234gold: CP = Condition Precedent SO4 can't draw down the debt from the Taurus facility until they have met the conditions precedent to that event. The company previously suggested to investors the CP's would be complete early November, if I remember correctly. Still no news. What does that mean ?
gwendoline: Very impressed both by their presentation and the depth of their report to us as investors. Will definitely be increasing my stake in this very professional company.
lord mandelbaum: Does anyone have an application for the share issue yet? Mine are held with Interactive Investor and there's nothing yet appeared.
diversification: A perfect opportunity for investors to scale in and average down as the project has significantly derisked. I continue to remind myself of the free cash flow and net asset value. This stock should now rerate by 150% minimum and is an excellent long term hold.
metis20: Today's RNS Https:// Salt Lake Potash Limited (SO4 or the Company) is pleased to announce it has been granted 'Green' label certification for debt issued to develop its Lake Way Project. The 'Green' label provides assurance to all stakeholders of the positive environmental contribution of fertiliser production at SO4's Lake Way Project. HIGHLIGHTS § The 'Green' loan label is as set out by the LMA and APLMA green loan principles1. The eligibility was assessed by DNV GL. § As part of the review, Wood Canada Limited conducted a technical assessment of greenhouse gas emissions of SOP production at Lake Way, relative to Mannheim SOP production in other locations. The assessment concluded that a Mannheim process plant of comparable capacity would have 60% higher CO2 emissions than the Lake Way Project. § The 'Green' loan label confirms the positive environmental aspects of the Lake Way Project for the Company's debt partners, as well as all other stakeholders including the local community, offtakers and suppliers. § The designation also covers associated governance procedures relating to correct management of proceeds and reporting. § Investor interest in green investment has grown rapidly over the past decade, with estimates showing the global volume of green debt has grown from less than A$5 billion in 2010 to more than A$150 billion in 20182. TONY SWIERICZUK, Chief Executive Officer "We are delighted to have received the 'Green' label designation for the Lake Way Project, confirming the positive environmental contribution our project will make towards reducing emissions from the global fertiliser industry."
adorling: "We are very pleased to complete the next stage of our funding, having attracted such strong interest from a number of new Instutional investors and ongoing support of our existing Institutional shareholders. Our close working relationship with Taurus has enabled SO4 to extend the Stage 1 Debt Facility whilst we complete documentation and satisfaction of conditions precedent for the main Project Development Facility. Along with the Placement funds, the extension to the debt facility enables us to continue the rapid construction at Lake Way in line with our project schedule." Good to see CEO and Chairman taking significant stakes in the placing but a disappointing Retail Investors did not get the chance.
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