Salt Lake Potash Share Discussion Threads

[kennyp52] 03/2/2021 18:42

Thanks Dartboard . Interesting reading .another stride towards cracking on with the implementation of production . 🙏

[dartboard1] 02/2/2021 21:02

Environmental approval recommended:https://www.epa.wa.gov.au/sites/default/files/EPA_Report/EPA%20Report%201699%20-%20Lake%20Way%20Sulphate%20of%20Potash%20Project.pdfStill two weeks for appeals, but should be good now...

[kennyp52] 29/1/2021 17:06

The update puts everything on schedule and ramping up the expectation of sales in the near future . Very good .

[dartboard1] 29/1/2021 07:39

Nice update.. all coming together. Good to see them now talking about transport and logistics, bulk sales vs bagging rather than funding.Volume on ASX is picking up in the last week too as production gets closer.

[ntv] 27/1/2021 13:46

29p in aus

[kennyp52] 27/1/2021 09:29

Just need production news now IMHO to provide the impetus

[statto2k] 27/1/2021 08:52

From reading further into it I think it was because it's not approved by the FCA so the other option I believe was to 'send them a cheque'. No idea how I would cash that in when I want to sell

[bikwik] 27/1/2021 08:16

Because impulsive wave 3 is underway.

[dartboard1] 27/1/2021 07:17

Up 13% on asx today... no news

[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.

[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!