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Share Name Share Symbol Market Type Share ISIN Share Description
Salt Lake Potash Limited LSE:SO4 London Ordinary Share AU000000SO44 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 2.45 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals -3.92 -0.46 20
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.45 GBX

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Date Time Title Posts
26/11/202215:42 SALT LAKE POTASH LIMITED 851

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Posted at 05/12/2022 08:20 by Salt Lake Potash Daily Update
Salt Lake Potash Limited is listed in the Industrial Metals sector of the London Stock Exchange with ticker SO4. The last closing price for Salt Lake Potash was 2.45p.
Salt Lake Potash Limited has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 816,475,721 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Salt Lake Potash Limited is £20,003,655.16.
Posted at 09/10/2022 08:15 by noirua
KPMG - 7 October 2022
Australia Salt Lake Potash Pty Ltd and Piper Preston Pty Ltd
Https://company-announcements.afr.com/asx/so4/d18d283a-460d-11ed-b0ce-da7fa416e624.pdf

Posted at 06/10/2022 11:46 by noirua
Recapitalisation of SO4 - 6 October 2022
Https://hotcopper.com.au/threads/ann-so4-recapitalisation-process-has-commenced.7004557/?source=email
Binding offers for the recapitalisation of ASX: S04 and/or the acquisition of its subsidiary interests are due by 30 October 2022.

Schedule of Entities
Irve Holdings Pty Ltd ACN 633 114 619
Two Lake Holdings Pty Ltd ACN 633 114 637
SO4 Fertiliser Holdings Pty Ltd ACN 633 114 628
Irve Developments Pty Ltd ACN 634 354 215
Two Lake Developments Pty Ltd ACN 634 354 233
SO4 Fertiliser Developments Pty Ltd ACN 634 354 224

Restructuring Services
Share
KPMG helps management to stabilise the business, reorganise borrowings, enhance profitability and build a platform for sustainable growth.
Https://home.kpmg/au/en/home/services/advisory/deal-advisory/services/restructuring.html

Posted at 01/10/2022 10:35 by noirua
SO4 - Https://hotcopper.com.au/threads/insolvent-trading-questions.6975949/page-9?post_id=63948674
Posted at 07/9/2022 14:24 by noirua
essentialscutty
07/09/22 15:55 Post #: 63569203
I saw this in the AFR and wondered if it is just more gossip. According to the ASX we have three remaining Directors Chair Ian Middlemas, Matthew Bungey and Phil Montgomery in the listed entity that has just renewed its listing fees for another 12 months. If the SO4 business is sold out of the listed entity as a going concern then it will be lawyers for sure with SHs. Interesting times.

Posted at 06/9/2022 17:47 by noirua
I'm wondering if Anglo American are bidding for Salt Lake Potash. They bought out Sirius Minerals the collapsed UK Potash Company in Yorkshire, Northern England.

On that occasion they made a cash offer for the shares of about 10% of the companies peak share price.

Posted at 06/9/2022 12:17 by noirua
Salt Lake Potash deal ready to land; offshore buyer in box seat
Anthony Macdonald, Sarah Thompson and Kanika Sood
Sep 6, 2022 – 5.44pm

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ASX-listed Salt Lake Potash, which has been up for sale since February, has finally found a new owner to take the keys.


Salt Lake Potash’s Lake Way project (pictured) has found a new owner.

Street Talk understands Macquarie Capital had locked in an offshore buyer to buy Salt Lake’s assets, and was working through the final pricing details on Tuesday evening.

Sources expected the buyer to sign the dotted line within in the next 48 hours.

It would spell the end of a long saga. Salt Lake Potash was pitching itself as the first Australian producer of sulphate of potash, a chemical used in fertilisers, when it hit the skids with too much debt and operational troubles at its flagship project Lake Way in Western Australia.

Its lenders, who had security over Lake Way, called in restructuring firm KordaMentha in October 2021, as Salt Lake Potash’s troubles continued, equity investors refused to tip in more money and lenders refused to relax repayment terms. KPMG was also appointed as administrator.

The listed Salt Lake Potash had a $250 million market capitalisation prior to the appointments, and counted Ellerston Capital and Swiss firm Lombard Odier Asset Management among investors.

The lender syndicate was owed about $160 million and included Commonwealth Bank of Australia, Taurus Funds Management and the Clean Energy Finance Corporation.

Receiver KordaMentha mandated Macquarie Capital to run a sale or recapitalisation in February, and was expected to reach out far and wide to look for new backers amid perky potash prices.

It is understood the deal being discussed on Tuesday night would see Salt Lake Potash sold to a buyer, rather than an injection of new funds into the existing capital structure.

Posted at 06/9/2022 11:00 by noirua
Dona Ferentes
κατάσκ_9;πος
there's a report that SO4 has found a buyer.
Macquarie Capital had locked in an offshore buyer to buy Salt Lake’s assets, and was working through the final pricing details on Tuesday evening [ NSW time].

Sources expected the buyer to sign the dotted line within in the next 48 hours....

Posted at 22/7/2022 21:54 by noirua
Jgr64 on HotCopper
456 Posts.
135
21/07/22
09:43
Post #: 62644798
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Interesting development at RWD, with the company going into a suspension "pending the release of an announcement regarding a material acquisition".

Https://hotcopper.com.au/threads/ann-suspension-from-official-quotation.6851518/

Given the timing, could RWD be acquiring the assets of SO4 ? RWD's market cap is only $19.5m, so how would they fund such an acquisition even if it was only cents in the dollar?

Hypothetically, if RWD did a capital raise to buy the SO4 assets, would you participate.

Posted at 12/9/2021 13:13 by noirua
Now for those not in the know this could be a gamble to nothing or not very much like Sirius Minerals formerly LSE: SXX and now part of Anglo American: Https://www.nsenergybusiness.com/news/anglo-american-sirius-minerals-2/#:~:text=Anglo American has agreed a,primarily used as a fertiliser.

Anglo American's acquisition offer valued Sirius at 5.5 pence ($0.07) per share – representing a premium of 34.1% to the share price at the close of play on 7 January, when the two parties made the initial agreement.
https://uk.advfn.com/p.php?pid=staticchart&s=L%5ESXX&;p=9&t=47

SXX shares peaked at 48p intraday and fell to a low point of 3.5p and taken over at 5.5p. So a loss of 87% for a few and a profit of 57% for a few. So we can see the gamble at SO4!
As to SO4 only the London AIM market shows the full chart of events: http://uk.advfn.com/p.php?pid=staticchart&s=L^SO4&p=9&t=46&vol=1

So from all this you may be able to work out something for yourself?

There is an unsubstantiated rumour that a loan deal is due to be finalised at 7c a share or 3.75p. Probably rubbish but you cannot be sure to be sure.
The share price if a deal is done is a guess as we can't be sure which way the market will take it. Maybe it would be joyful and relieved or on the other hand somewhat piddled off with the events with trust killed stone dead.

[reprinted as I posted on an Australian website]

Posted at 29/7/2021 09:36 by dearg doom
Shareholders have been taken in by management and dumped upon once again. I know, I have.

The share price falling today by 50% to 8p comes with justified negative sentiment. A real sickener!

Market cap has been reduced by £50 million-plus in anticipation of funding to come and the reduced production. Didn't see it coming but the signs of share price weakness were there. The missed production gap needs to be funded. Now know why loans were expensive.

Is the £50 million market cap lost today just due to the original quarterly planned production being delayed until 2022? So is the drop fair? Not clear.

Also of concern is the cost of the new CAPEX required. The model has changed and by how much or has it collapsed altogether?

Other future lakes will have the same issues, I suspect.
The multi-bagger may be more about getting my investment back.


After the share price precipitous fall, do I take the lower price as the lake bottom? Probably, expect to see some recovery and share price falls many times over in days to come.

Increased my holding by 25%. Not entirely rational.

Salt Lake Potash share price data is direct from the London Stock Exchange
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