Salt Lake Potash Share Discussion Threads

[richardjohn10] 04/7/2020 07:46

Is the gaining of the debt facility built into the current share price or you think it will spike on news?

[homebrewruss] 04/7/2020 07:38

I'm assuming the debt funding will be ok. What they probably should have done is raised more via placing at the start of the year to give them a buffer in case of any debt funding delays.
Would have meant less dilution too.

Easy to say with hindsight of course!

[1234gold] 04/7/2020 00:43

Good point RJ 10...

I like this stock and do own a few - but without the debt funding they have nothing.

[richardjohn10] 03/7/2020 20:57

I don't believe anything they say until it's in an RNS. I seen it all with Sirius and look how that panned out.

[homebrewruss] 03/7/2020 20:47

It's not enough of a fallback though. If you believe the CEO/interviews it's just to ensure they can keep production and construction on track whilst awaiting the final 2 banks to sign.

Would they have got this fundraise away unless the debt financing was pretty much sewn up?

[richardjohn10] 03/7/2020 20:38

I'm bit suspicious of why they raised now if funding is due anytime.Possible fall back IF funding doesn't happen?

[kwabster2] 03/7/2020 19:54

Where did you get this info from by the way? Just out of interest

[richardjohn10] 03/7/2020 12:53

Good interviewVery positive

[homebrewruss] 03/7/2020 12:09

Proactive interview from today with a few more snippets:

[richardjohn10] 03/7/2020 09:16

Hey your right. Well done

[richardjohn10] 03/7/2020 08:53

They are not producing anything

[longtermgains] 03/7/2020 08:32

No, that is a ill informed and irrational view.Please state detailed reasoning

[richardjohn10] 02/7/2020 21:30

Anyone else think the MCAP is currently way too high?

[homebrewruss] 02/7/2020 20:46

All sounds reasonable from the podcast:
- spending lots of cash at the moment to continue construction ramp up
- 2 of 4 banks sorted, other 2 presenting to their board next week
- money raised today will come off the amount they were looking to raise via debt (as I had presumed/hoped)

[homebrewruss] 02/7/2020 18:50

SO4 on the vox podcast again today (not listened yet)

[homebrewruss] 02/7/2020 10:27

Thanks lenses, good find. I've just had a look at the hot copper thread too.
Let's hope the timeline from Table 1-1 holds.

[lenses] 02/7/2020 10:07

Hi Russ:

"Not sure what's holding up the debt financing.."

It may be the need for an environmental permission and that the lenders won't commit until SLP gain this clearance?

This trawled from HC:

hxxps://www.epa.wa.gov.au/proposals/lake-way-sulphate-potash-project

and submitted Scoping doc from SLP:

hxxps://www.epa.wa.gov.au/sites/default/files/Environmental_scoping_document/CMS17696%20-%20ESD%20-%20Approved%20-%20140520.pdf

Detail of issues in sec 3. Sec 1.3 gives 'agreed' timeline:

"Table 1-1:
Assessment timetable
Key assessment milestone------------------------------------------Completion date
EPA approves Environmental Scoping Document---------------------------15 May2020
SO4 submits first draft of Environmental Review Document (ERD)--------22May2020
EPA provides comment on first draft of ERD (6 weeks from receipt of ERD)--03 July2020
SO4 submits revised ERD-----------------------------------------------17July2020
EPA prepares draft assessment report and completes assessment----------07Aug2020
EPA finalises assessment report and presents report to the Minister (6weeks from completion of assessment)---18 September 2020 "

Today's 15m means no delay to the build.

Looking good AISI.

Best.

L.

[homebrewruss] 02/7/2020 08:07

Slightly annoying to get another raise but it's relatively small and I guess they want/need to crack on with construction.
Not sure what's holding up the debt financing but hopefully this raise will be the last until that's sorted.

[homebrewruss] 18/6/2020 10:45

New proactive interview:
'Salt Lake Potash CEO and chairman get go-ahead to take part in A$20 million placement'

[1234gold] 17/6/2020 09:51

Get financing over the line and it looks like ready to pop.

[1234gold] 17/6/2020 09:51

Get financing over the line and it looks like ready to pop.

[lord mandelbaum] 17/6/2020 09:38

Follow the chart on the ASX for a truer representation of support levels/trends etc (it's very pleasing to the eye by the way).

[homebrewruss] 16/6/2020 22:00

From the podcast it sounds like there might be some construction news in July and therefore perhaps finance news before then?
If you're hoping for a lower entry price then perhaps scale into a position?