Salt Lake Potash Share Discussion Threads

[adorling] 09/10/2019 10:34

SO4 has not put a foot wrong in the development of Lake Way and I am excited at the prospect of a blisteringly good Bankable Feasibility Study being released tomorrow or latest Thursday in Aussie. I can see SO4 moving up strongly from here and being re-rated in line with its real value and NPV in the BFS.

[activmojo] 18/9/2019 11:02

Very simple engineering and good infrastructure simples.

[metis20] 18/9/2019 10:55

Looks as if you were correct re SXX.

Very encouraging SO4 RNS this am



Premium grade SOP and able to make use of the excess sulphate...

[longtermgains] 12/9/2019 12:37

Closed at A$0.88 last night, equivalent to 49.13p.At one stage was trading at cA$0.92

[longtermgains] 12/9/2019 03:14

I'm not very good at emojis or irony detection. My view is simple : that SXX remains a core short. SO4 remains a core long. They are polar opposites. SXX is simply not investable.Any other conclusion is wrong.

[1234gold] 11/9/2019 21:38

surely not as good as SXX 😉

[longtermgains] 11/9/2019 21:04

Cut and paste from ProActive address header.More importantly, all the research notes ( Cenkos, Hannam and some Australian ones) should increase their price targets as the Bank Feasibility Study is published and as further evidence of infrastructure progress occurs over the next 1-2 months. SO4 will again start to discuss over the next two quarters the potential of another two /three lakes. These lakes will probably be financed without equity through debt and cash flow.On a two year view this stock is radically undervalued, 3-5x upside with potential beyond. Ideal SIPP investment for eventual huge FCF.

[meanreverter] 11/9/2019 17:11

LTG: How did you get your link to stick, while mine got deleted?

[longtermgains] 11/9/2019 15:54

The price target referred to is A$1.12 and that is after a 25% discount. ie the real price target is A$1.40 This in turn is also conservative for multiple reasons. The current price is A$0.86 A$1.40 is 78p v the current price 45pAnd that is just one lakeSO4 is one of the cheapest stocks in London and it is fully financed

[longtermgains] 11/9/2019 12:55

https://www.proactiveinvestors.co.uk/companies/news/902439/salt-lake-potash-has-a-clear-pathway-to-production-at-lake-way-taylor-collison-902439.htmlThe price target (currently 86c) is subject to a 25% discount which should narrow after the BFS and evidence of progress while the appropriate discount rate should also come down. There is at least A$ 1.5 of value in Way alone. And then other Lakes

[meanreverter] 11/9/2019 10:35

New target price of A$1.12 in Proactive article:

[...]

[metis20] 30/7/2019 07:59

ASX closed up 12%

[metis20] 24/7/2019 07:20

ASX closed up 1.95% - mid price AS$0.7825 - equivalent to 44p

[aspex] 23/7/2019 23:41

Provided they do not dilute too much they should continue placings. PIs may not have the ability or gut to help fund the deal.

[metis20] 23/7/2019 20:08

Recent placings (joined AIM in June 2016) All in Au$

March 2016 8.4m 0.32
May 2017 18.4m 0.43
Nov 2018 13.0m 0.42
June 2019 20.25m 0.54
July 2019 7.4m 0.70

[metis20] 23/7/2019 19:58

ASX liked the placing so far as I can see from


Placing at AU$0.70 and looks to have closed at mid price AU$0.78

Link to the ASX announcement -

[sentimentrules] 23/7/2019 19:42

Unreal money going in here. One of the few with new highs you could even start backing now, long-term.

[1234gold] 23/7/2019 19:09

Another step in the right direction for Tony Swiericzuk and his team. There had been some negative comments on the Australian Hot Copper bulletin board about SO4 not owning the tenements and having to pay away big royalties. This deal clears all that up quite neatly.

[metis20] 23/7/2019 07:32

Placing at 39p - c£4.2m -

"Acquisition to provide significant synergies for the Lake Way Project including substantial capital and operating cost savings."

(recent mid price of c42p)

6 June 2019 placing to raise £11.4m was at 29.8p, so today's placing was at a share price c25% higher than the 6 June placing.

Salt Lake Potash's Chief Executive Office, Tony Swiericzuk, said:

"This is an exceptional transaction for Salt Lake Potash that will provide significant benefits to the Lake Way Project and further support the rapid progress towards first production. The acquisition will provide material value through capital and operating savings to Salt Lake Potash and also significantly de-risk the Lake Way Project by providing ownership of tenements and further access to key infrastructure assets including water and power.

Salt Lake Potash is delighted to continue the strong relationship we have built with Blackham and look forward to further developing the mutual opportunities that exist with our adjacent operations."

[1234gold] 16/7/2019 22:48

More photos posted on the LinkedIn thread of Tony Sweiriczuk. Seriously making progress here.

[ileeman] 16/7/2019 15:37

Breaking into new all time highs.

[activmojo] 15/7/2019 11:38

New highs today.

[1234gold] 08/7/2019 11:20

some great photos available on the CEO's LinkedIn page. Check out Tony Swiericzuk or SO4 on LinkedIn...