Salt Lake Potash Share Discussion Threads

[meanreverter] 22/1/2021 17:42

Statto2k: Yes. The assistant at IG first told me dunno, I'll find out for you; then he said yes, and took my order (at 22.6p); Then I got an email saying no can do.

[statto2k] 22/1/2021 13:56

Have any investors from before Dec 10th had an issue in investing in the fundraiser?

[bobbybullet] 22/1/2021 13:31

I'm in for the long haul. 5 year strategy of 3 lakes, hopefully, self funded from profit of first. Or at least other funding options, bank loans, should be available when in production. Targeting valuation of roughly 900m by 2024. So potentially a x5 over that period, however probably more realistic x3 with some funding dilution on the journey.

[dartboard1] 22/1/2021 13:07

Me, I'm undecided

[dartboard1] 22/1/2021 13:06

Is this making a move? Not long to go until production..Just get the feeling Taurus got a better deal on this one than me, but hey.. Are people holding this for the roll out of lake 2 and onwards, or are you hoping for a bounce on year 1 production and then sell out and move on??

[bikwik] 20/1/2021 20:24

Above is a chart of Griffin Mining and Salt Lake. The price scale is for Salt Lake. Griffin also saw a ZIG-ZAG correction.....wave C bottoming last July as you can see. See how far Griffin has risen. Mind you it fell a lot further than Salt Lake. That's possibly why it didn't take that long to double from the March low. Zig Zag corrections are quite common, you just have to spot them! They usually appear as corrective big wave 2 of 5 waves. So Salt Lake should go higher than 42p or 50p as you ask. Salt lake has been a bit slow to get its act together unlike Griffins initial doubling in 25 days! Still its looking ok and doubling to 42p or even 50p should be well possible by June. We'll see. GLA

[bikwik] 20/1/2021 20:13

free stock charts from uk.advfn.com

[1234gold] 20/1/2021 18:47

50p by end of June ?

[ukgeorge] 20/1/2021 09:14

Thanks, Bikwik, certainly seems to be forming a base. Fingers crossed 2021 is a good year for SO4 and we get into production of the white gold :)

[bikwik] 18/1/2021 11:05

This explains ZIG ZAGS so you can see why I went long at 22.9p. https://uk.video.search.yahoo.com/search/video?fr=mcafee&;p=elliott+wave+zig+zag+correction#action=view&id=5&vid=0ea1ca1b19b9650705ef62f0c08b638c

[bikwik] 18/1/2021 10:41

Starting to do what it should. This is the chart labelled so you can see the wave pattern I was alluding to in my post of the 29 December (439 I think). The five wave move between March and July last year confirmed this was an IMPULSIVE move and that a greater rise was on the cards once a CORRECTIVE phase was over. The corrective phase is now over! free stock charts from uk.advfn.com

[hootstox] 09/1/2021 09:26

George,Im in a similar mind. I dont have as substantial a holding but loathed to average down when we are still not earning. Its not a huge discount on current price and we have seen dips below that very recently. Could be a volitile few days with offer closing on the 14th.I appreciate that revenue is projected soon and if achived or even good progress toward are achived then share price shouldnt stay here for long.

[kennyp52] 08/1/2021 09:03

seans66 .. yes I do read RNS (as opposed to RSNs) .. more importantly I understand them. You need to take another look and sort yourself out .

[ukgeorge] 08/1/2021 08:56

So anyway sorry for causing such a stir. All I was interested in is if many others are going to be taking their right to buy some extra. I'm not a fan of averaging down and have 50k already which I wasn't planning on increasing from.

[1234gold] 07/1/2021 22:16

Wow...amazed that some of you guys actually have any money to invest if you don't understand that its an SPP...its not a new placement. It was announced weeks ago... Do you need me to explain what an SPP is and how they work ?

[seans66] 07/1/2021 21:54

Kenny, Serious question do you read RSNs? As previously stated you should not be investing if can't be bothered to read or understand RSNs. As part of the recent additional funding, a $5m placing at 22.6p per share will be offered to existing holders. Closing date 28th Feb. FFS!

[kennyp52] 07/1/2021 17:20

There is no new placing ...FFS

[seans66] 07/1/2021 10:12

Thanks George. Once the placing is out of the way, things should get exciting.

[ukgeorge] 07/1/2021 09:44

I'm with Iweb

[1234gold] 07/1/2021 09:40

Sometimes I think people should be made to take an IQ test before being allowed to own shares. This is an SPP, as announced with the placement im December that allowed financial close enabling the drawdown on the debt. Its not that difficult to understand.

[kennyp52] 07/1/2021 09:29

Nope and why do they need a placement when ... First Drawdown of US$105m under the SFA Received

[seans66] 07/1/2021 09:26

What platform was that? I am with HL & still waiting.I am definitely taking up the offer with only a few months until production & revenue generation. Recent events are a bump in the road, too many PI's are too emotional & should & need to expect that fast growing business face challenges. In a years time it will be clear that we are in a fantastic buying opportunity.

[ukgeorge] 07/1/2021 09:13

Anyone else get the below message. These are my only share in the red so I am a bit hesitant but will likely buy some. "SALT LAKE POTASH is proposing an Offer for Subscription on the following basis: New Salt Lake Potash shares at a cost of 22.6 pence per new share. Shareholders can apply for one of the following amounts of new shares, 5,000 12,500 25,000 50,000 75,000. Please express your election as the number of shares you wish to apply for. By participating in this event and to enable us to execute your instruction it may be necessary for us to give your name and address to this company or its agents. You Have The Following Option: 1 Accept the Offer and apply for shares at the price specified above."

[kennyp52] 30/12/2020 12:01

The project remained on track for the first sulphate of potash sales in the March 2021 quarter. Is any of above no longer true ? If not then surely on the verge of production is worth a gamble ? I’m in for a few .

[kennyp52] 30/12/2020 11:55

(Sharecast News) - Salt Lake Potash has satisfied all remaining conditions under its syndicated facility agreement to achieve financial close, it announced on Tuesday, and had received debt funds from the first drawdown of $105m (£78.16m). The AIM-traded firm had announced on 5 August that it had executed a $138m syndicated facility agreement with Taurus Mining Finance Fund No.2 and the Clean Energy Finance Corporation. Following completion of the first tranche of the placement to raise AUD 50m (£28.12m)( before costs on 18 December, the company said it had satisfied all remaining conditions under the agreement to achieve financial close. Funds representing the first $105m tranche had been received, the board confirmed, enabling repayment of the $45m bridge facility, and to further the completion of project construction. "This is a substantial milestone in the development of the company and the Lake Way Project," said chief executive officer Tony Swiericzuk.