Salt Lake Potash Share Discussion Threads

[lukehold] 05/7/2021 18:49

Post from Glencore Technology on linkedin.Salt Lake Potash have turned on their two B5400/18 Jameson Cells, with commissioning wrapping up. The cells are in Rougher and Scavenger duties, processing up to 325tph or 780m3/h of Potash feed.#JamesonCell #SaltLakePotash #MiningNews #GlencoreTechnology #Glencorehttps://www.linkedin.com/posts/glencoretechnology_jamesoncell-saltlakepotash-miningnews-activity-6815458822006697985-DRjr

[ukgeorge] 05/7/2021 10:30

really is a complete car crash, annoyed at having invested, the construction period is always very risky and capital costs have been out of control. Fingers crossed it turs around and they get it into production. Thankfully only a small part of my portfolio.

[1234gold] 05/7/2021 10:23

Have you checked LinkedIn...apparently thats the only way this company updates people.

[kennyp52] 05/7/2021 08:33

Need an update

[adorling] 01/7/2021 06:41

RNS: good to see the commissioning Certificate issued and now handed over to operations for production in a few weeks. Despite all the broken promises and shareholder dilutions by TS we are now close to producing a product the world desperately needs and wants.

[1234gold] 29/6/2021 09:06

This is not as bad as SXX, that was just a terrible story from day one and promoted to unsuspecting retail investors. The SO4 project is solid...the reason I say its unbackable is because of the naivity around the funding. To tell the World you won't need to raise more equity when the share count was 225m and to then allow it to blow out to over 700m through issuance after issuance tells me they have no idea.

[1234gold] 29/6/2021 09:02

Management and Board absolutely unbackable. I did a check and the Chairman is on 12 ASX company Boards as Chairman. How is that even allowed ?

[adorling] 29/6/2021 08:13

Now at strong support levels so have added another 50k this morning at 19.1p - must get news of “first commercial shipment produced” very soon.

[kennyp52] 28/6/2021 15:17

Just hope its not another SXX ... which it will not be if they start producing and selling .. come on guys get your backsides in gear !

[adorling] 28/6/2021 14:25

Best time to buy is when everyone is leaving and production is about to start in earnest.

[easylikesundaymorning] 28/6/2021 13:46

The market cap is down to 317m, we all know that further share offerings is an issue, but with production nearly about to produce Fertiliser it seams very cheap. This stock has required more patience than any I've ever held! Probably my worst investment to date.

[colinbwood] 28/6/2021 13:19

Tony on Twitter 4 days ago, in response to being asked if still feeding the plant or if there had been issues:

Absolutely feeding, thats what's required to bring all the seperate plant "units" up to solids concentration and correct SG/density/chemistry. Harvest salts in the front end day after day are required to "bring the plant up" ...long days for us as we walk it forward

[gutterhead] 28/6/2021 10:46

spot on

missing sales revenue deadlines....unexpected diluting fundraisers.....not my finest decision

I don't have much in here so I'm just sitting with it-who knows, its just a punt

[dartboard1] 28/6/2021 09:46

Lack of trust in management.. until we see production ramp up inline with forecast then unlikely to be valued based on those projections

[easylikesundaymorning] 28/6/2021 08:58

Anybody know why value continues to fall? Any recent bad news? As I understand it production is about to commence and with it a positive cash flow..

[fozdad] 18/6/2021 11:07

The latest from Twitter

Riding “commissioning bull” is very long 8secs! Few hiccups bringing beast to life, a Dryer power supply hot shot from Singapore Rocket, proxy switches from Hedland-Wiluna. Today we start plant feed, the beast is ready to go!

[1234gold] 17/6/2021 17:44

Go onto LinkedIn...it feels like that's where the CEO thinks he has to meet his continuous disclosure obligations.

A very questionable strategy. It should be about informing investors, not bragging to your mates.

[el-tel] 17/6/2021 16:15

It would be nice to hear some news soon.

[dartboard1] 09/6/2021 09:23

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 08:59

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 08:31

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 06:08

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 11:18

seeing will be believing......

[fozdad] 07/6/2021 10:44

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

[longtermgains] 07/6/2021 08:00

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