Salt Lake Potash Share Discussion Threads

[dartboard1] 09/6/2021 10:23

Yes agreed, cash cost estimate will be based on full capacity, so 2021 and maybe 2022 will run higher...And potentially a bit higher still if there's labour price inflation

[1234gold] 09/6/2021 09:59

WA labour has gone nuts...almost every gold company has had to adjust guidance for lower production and higher costs recently. I assume the SO4 cost estimate is based on nameplate production, which will take a while to attain...so don't hold your breath

[dartboard1] 09/6/2021 09:31

SOP price around about US$575 v BFS estimate of 550... so in a good place hereAll eyes on cash costs to remain in the AUD $302 per tonne ballpark, oil prices have risen since so could range a bit higher, not sure what labour rates are doing in WA right now...

[fozdad] 09/6/2021 07:08

At Lake Way right now & not leaving until production coming out back end 🎯 shoulders to the wheel, all hands to the pumps, final wrinkles being ironed out over coming days. Premium SOP imminent! 🎉 Been hell of a ride 🚀 #so4 #sop #potash #fertilizer #agriculture #farming

[gutterhead] 07/6/2021 12:18

seeing will be believing......

[fozdad] 07/6/2021 11:44

I'm certainly hoping so, these last few weeks leading up to production have dragged a bit for SO4

[longtermgains] 07/6/2021 09:00

Fozdad thanks and more importantly the article below published in Aus this morning states Monday (today) so I presume RNS tomorrow morning.https://www.afr.com/companies/mining/a-new-dawn-for-australia-s-potash-pioneers-20210604-p57y3k

[fozdad] 07/6/2021 08:11

Ltg it’s on Tony’s Twitter in an answer to a question about his tweet to say the plant commissioning is rocketing along

[longtermgains] 07/6/2021 07:44

Fozdad where? https://mobile.twitter.com/tonyswiericzuk?lang=enhttps://mobile.twitter.com/so4_asx

[fozdad] 07/6/2021 07:33

Https://www.afr.com/companies/mining/a-new-dawn-for-australia-s-potash-pioneers-20210604-p57y3k

[fozdad] 03/6/2021 11:54

Tony Swiericzuk @TonySwiericzuk · May 24 No, plant commissioning is flying along to plan. We start feeding the plant with harvest salts in 7days time, SOP product a couple days later.

[longtermgains] 02/6/2021 22:07

Fozdad, what latest tweet. The last one from Tony is all about Reconciliation Week. The previous one on May 18th talks about premium SOP production imminent. What tweet am I missing.

[fozdad] 02/6/2021 09:36

Latest tweet states that production should start this week, so I hope we will see a RNS in the next few days to confirm.

[gutterhead] 24/5/2021 13:52

Income from sales was promised in march...serial misleaders

[dartboard1] 24/5/2021 11:34

5.71 ... apologies

[dartboard1] 24/5/2021 11:29

In all seriousness though I'm topping up... I know only losers average losers, but there's a bit of room here for FCF estimates to be wrong (as per all other estimates they made) and for it still to be cheap. Take £42m (aud77m) FCF, add an extra 25% on that... then dilute equity by another 25% for options and you get to 5 times FCF multiple... 20 year mine life, and hopefully learnings for the next lake(s)

[dartboard1] 24/5/2021 11:19

The debt's for Corporate overheads ... haha

[1234gold] 24/5/2021 11:13

How much has SO4 raised in equity since the Board announced with great fanfare that it had secured funding for Lake Way in 2019 ? Its gotta be north of $230m. Wasn't the capex only estimated at $260m ? Sounds like they shouldn't actually need any debt.

[eezymunny] 24/5/2021 10:22

"The Placement is a key condition to enable the Company to undertake the final US$33 million drawdown under the SFA" Was Mr Market informed about this before today? Utterly outrageous if not...IMO.

[1234gold] 24/5/2021 09:40

How can anyone confidently say this is the last raise? The last one was supposed to have the 'final' raise...oh, and so was the one before that.

[kennyp52] 24/5/2021 09:27

Placing successful and directors also subscribed . On with production and sales now then.

[ukgeorge] 24/5/2021 09:07

I had a clear out of my Aus shares the other day so have a bit of cash, tempted to throw a bit more (good money after bad) at these. But now there is the constant worry that they will raise again and again,..... or is this the last one....

[melody9999] 24/5/2021 08:58

Reading the RNS, seems to me that no contingencies were built into the project financing. So as soon as anything slips, or prices change, or production takes longer to come through.....then the company has to raise more funds. Its an example of how not to bring a project to completion.