Salt Lake Potash Share Discussion Threads

[1234gold] 21/5/2021 07:38

Zero credibility. Board should stand down...

In Aug 2019, the Board announced that Lake Way project financing had been secured.

In Aug 2020, the Board announced that Lake Way was fully funded (subsequently followed by two additional fundings for Lake Way).


And, in Dec 2020 the Board announced it had completed an institutional placement to achieve financial close (subsequently followed by an additional funding).

Are they liars or incompetent ?

[ukgeorge] 21/5/2021 07:30

Investing in the development stage is always risky and they seem to spend money like water. Annoying that they don't say what price the raise is being done at. These are my worst share now. :( luckily not a big holding.

[adorling] 21/5/2021 07:12

Not another fund raise ffs! Lack of promised updates, missed milestones and continuing dilution explains the drift in the share price these past 2 months.

[lenses] 21/5/2021 07:09

Your answer provided.

Placing.

[easylikesundaymorning] 20/5/2021 20:22

Can someone explain to me why the share price keeps on going down! The companies infrastructure is nearly complete and is soon to become cash positive, this is meant to make the price go up!

[the fat controller] 04/5/2021 18:58

Stun,
Me too. Doubled a decent holding.
All work on programme, all funds in place. All announced to the market.
Sit back and wait for the $ to flow in. I suspect this will be a slow burner as a growing realisation dawns, and then we’ll see a rerate. And perhaps even a rapid rise in share price.
But I’m comfortable that the market hasn’t cottoned on to this yet. I may add more. I expect this to go to a minimum of 50p. Personal opinion only.
GLA TFC

[stun12] 04/5/2021 13:45

Bought some today for the first time at 23.9p. It seems to me that it is gradually getting derisked with not many hurdles left until production and revenue, so was a bit surprised that it fell back down again after the price increase caused by environmental approval. It's in an ISA so I'm not in any hurry, luckily.

[fozdad] 30/4/2021 08:29

and boosted by positive cashflow from Q3

[dartboard1] 30/4/2021 07:28

Importantly ... cash at quarter end $46m + $43m unused funding facility ... Should stretch till ramp up ...

[adorling] 30/4/2021 07:13

Excellent RNS covering 1st quarter.

“Process Plant commissioning commenced in March with the introduction of first harvest salts to the front end of the plant. At the end of the quarter the Process Plant was 97% complete on an earned value basis, including engineering 99% complete, procurement 99% complete and construction 90% complete. First SOP product is expected during the June quarter.”

We are producing commercial product in this quarter to June and we have 95% of year 1 production already agreed through off-take purchase Agreements. The cash will be rolling in very soon! Well done to Tony and the Management Team.

[adorling] 29/4/2021 07:29

Nice to see the confirmatory RNS this morning for the Environmental permit and nice when retail investors get a chance to add yesterday before the RNS.

[adorling] 28/4/2021 21:57

Gold - Lombard seem to be selling everything most months and generally their decisions prove to be completely mis-judged so No

[1234gold] 28/4/2021 20:13

Should we be worried by Lombard selling ?

[activmojo] 28/4/2021 16:14

Prompted a it of buying this afternoon.

[activmojo] 28/4/2021 16:02

Worth a trade i think RNS due tomorrow most likely, thanks for the heads up

[adorling] 28/4/2021 15:42

EPA (Environmental Protection Act) permit granted to proceed so all systems go and yet to be RNS’d by SO4!

[sorrera] 09/4/2021 15:52

I think the pops here are:
1.Full proposed capacity @ projected costs
2. Confirmation of higher than expected volumes through production efficiencies CEO has hinted that they will at least reach the volume as estimated in the initial surveys, I hope/suspect this will be bettered by 15%
3. Release of data on how big the next 7 lakes are going to be.

[activmojo] 09/4/2021 14:23

Ian Peter Middlemas, B.Com, CA, has been re-designated as Non-Executive Chairman of the Board of Wildhorse Energy Limited., with effect from 29 August 2014.


September 2, 2014, Perth, Australia - Wildhorse Energy Limited announced that Ian Middlemas, non-executive director, has been appointed as chairman of the company.


Meanwhile, in Ian Middlemas you have a hugely experienced non-exec, while Swinney brings to the table the expertise of developing large scale energy projects such as the Mecsek Hills gas venture. So with two mouth-watering opportunities and the management and technical expertise to back this up, Wildhorse is definitely one for the watch-list.

[1234gold] 09/4/2021 13:44

Middlemas had nothing to do with Wilsthorpe Energy, that thing was a shell when he backed SO4 into it.

[dartboard1] 09/4/2021 10:47

I'm not too bothered so long as it's in this quarter. Price won't do much I don't think on initial sales. Investors are waiting to see if they can ramp up to full capacity at forecast costs. Potash price has been good so that helps on the revenue side.

[gutterhead] 09/4/2021 10:12

18th jan interview....first sales will be in April

One day later, proactive interview talking about maybe May.....

[gutterhead] 09/4/2021 09:58

April was the month promised for their first production and importantly, sales....

TS either a master operator or a blagger.....we should know very soon

time to deliver is very close

[activmojo] 08/4/2021 14:19

1234gold ther is nothing here to surprise any investor that has followed this since the days of Wildhourse Energy. The man pulling TS strings is Ian Middlemas and he knows exactly what he is doing. Wildhourse was reversed into SO4 in 2015 and prior to that they plundered the share holders in every which way. The only chance we have here is that it throws off so much cash they will have to let some of it cascade into the share price

[red171] 08/4/2021 14:02

lets hope they are not looking for more cash as charliec51 fears, the drop does feel like ominous after the last change in story