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

Salt Lake Potash (SO4) Latest News

More Salt Lake Potash News
Salt Lake Potash Investors    Salt Lake Potash Takeover Rumours

Salt Lake Potash (SO4) Discussions and Chat

Salt Lake Potash Forums and Chat

Date Time Title Posts
26/10/202115:08 SALT LAKE POTASH LIMITED 797

Add a New Thread

Salt Lake Potash (SO4) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Salt Lake Potash trades in real-time

Salt Lake Potash (SO4) Top Chat Posts

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 2.03p.
The 1 year high share price is 28.25p while the 1 year low share price is currently 2.03p.
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.
noirua: Taxpayers’ potash punt in peril Oct 20, 2021 – 5.42pm Https://www.afr.com/companies/mining/taxpayers-potash-punt-in-peril-20211020-p591oo Salt Lake Potash (ASX:SO4) enters administration 21 October 2021 Https://themarketherald.com.au/salt-lake-potash-asxso4-enters-administration-2021-10-21/ In a statement, KordaMentha added it would begin marketing SO4’s assets for sale while also searching for recapitalisation opportunities. Australian SoP hopeful Salt Lake Potash collapses, owing US$127 million 21 October 2021 Https://stockhead.com.au/resources/australian-sop-hopeful-salt-lake-potash-collapses-owing-us127-million/ “Given SO4 has a world-class potash project in a favourable jurisdiction, we expect significant interest in the sale and recapitalisation process.”
noirua: We don't know where the share price is going but I doubt SO4 are worth more than 7p a share. That is very sad for those who paid 48p at the 2019 high point. However, you can never be sure as in the case of ASX: FLX that rose from 35c to $23.00 in its 2003 - 2008 run up.
noirua: Investor Presentation 24 May 2021 Http://www.investi.com.au/api/announcements/so4/43a2e854-5ea.pdf 1 October 2021 AIM and ASX listed company Salt Lake Potash Limited ("SO4" or the "Company"), announces its results for the year ended 30 June 2021. Https://www.sharesmagazine.co.uk/news/market/LSE20211001070007_4129842/Final-Results or Https://stocknessmonster.com/announcements/so4.asx-6A1053673/
tigerbythetail: AFR article: Troubled commodities aspirant Salt Lake Potash now believes it will start generating revenue just weeks before it is due to start repaying debt, giving it a strong incentive to end its habit of over-promising and under-delivering.Salt Lake Potash was poised to be the first of a fleet of new Australian potash producers when construction of its processing plant at Western Australia’s Lake Way was completed in June, but sustainable production was never achieved after disappointing geological and processing results.The potassium grades extracted and evaporated from Lake Way were lower than hoped and a floatation circuit within the processing plant also delivered underwhelming results.The company needs more money to fix its problems, and big investors were approached about an equity raising in recent days, which the company hopes to complete within the next eight weeks.Assuming it can raise the required funds, Salt Lake Potash said it hoped to be producing potash before March 31.The equity raising shapes as a sliding doors’ moment for Salt Lake Potash’s battle weary investors, after the company conducted six separate equity capital raisings in the year to June. Equity markets have been extremely accommodating for junior resources stocks over the past year with pre-revenue exploration companies raising record amounts of cash in each of the past three consecutive quarters.In that market context, investors spoken to over the past week believed Salt Lake Potash would most likely be given another chance to get its project working.Lenders such as Taurus Funds Management have security over the assets at Lake Way and the $US138 million debt arranged by Taurus carries interest rates of 9 per cent.Interest is charged at 12 per cent on a second $18 million loan with Sequoia Economic Infrastructure Fund.Salt Lake Potash is due to start repaying the Taurus syndicated loan on March 31, while repayments on the Sequoia loan commence on April 11. If those repayment schedules are not revised under the equity raising, the company faces a relatively urgent delivery schedule; Salt Lake Potash said on Friday it expects first potash production in March.The fundraising exercise will be doubly important for Salt Lake Potash chairman Ian Middlemas, who chairs a second ASX listed company that surprised investors by purchasing more than 44 million shares in Salt Lake Potash over the past year at between 40¢ and 50¢ per share.That company, Equatorial Resources, was an African iron ore aspirant with no obvious connection to Western Australian potash.The reality is worseEquatorial appears to have burned money on the Salt Lake Potash investment; Salt Lake shares were 31¢ when they went into a trading halt in July.But the reality is much worse; Salt Lake Potash’s London listed shares have continued trading through the Australian halt, and have lost 80 per cent of their value since the Australian stock went into the trading halt. That suggests the Australian stock is now worth closer to 6¢, and any equity raising will likely need to offer a discount to that price.It has been a bad year for companies chaired by Mr Middlemas; Equatorial was stripped of its iron ore project in the Republic of Congo, while uranium play Berkeley Energia suffered a negative permitting decision in Spain which led to the halving of its share price.Salt Lake Potash and its peers have tried to make a premium product called Sulphate of Potash (SOP), which is different from the Muriate of Potash (MOP) that BHP intends to produce in Canada later this decade.ASX listed Kalium Lakes is now poised to be Australia’s SOP pioneer, assuming it keeps to its recent promises.Two years ago Kalium Lakes was vowing to be in production in the 2020 calendar year. At the start of 2021, it vowed to be in production before September 30. In a market disclosure on September 16, Kalium Lakes talked about two different types of SOP; standard and granular.The company said it would sell “standard̶1; SOP before December 31 and granular SOP before March 31.
noirua: Https://simplywall.st/stocks/au/materials/asx-so4/salt-lake-potash-shares Short Term Liabilities: SO4's short term assets (A$137.4M) exceed its short term liabilities (A$29.9M). Long Term Liabilities: SO4's short term assets (A$137.4M) do not cover its long term liabilities (A$153.9M). Present Market cap at 3.65p = A$56 million. Https://images.simplywall.st/company/735EF319-6C7E-4336-A4B3-EA4E5F40DAED/map?theme=dark
noirua: Salt Lake Potash Limited ASX/AIM SO4 ABN 98 117 085 748 239 Adelaide Terrace Perth WA 6000 Australia Telephone +61 8 6559 5800 Email info@so4.com.au Website Http://www.so4.com.au Appointment of CEO Salt Lake Potash (SO4 or the Company) is pleased to advise that Isak Buitendag has been appointed as CEO of the Company, subject to requotation of the Company’s securities on the ASX. • Mr. Buitendag will be joining from his position as General Manager of Transformation at Kazzinc (69.7% owned by Glencore). • Prior to Kazzinc, he was Vice President of Operations and Vice President of Development at Kazchrome, the largest ferrochrome producer in the world. • Mr. Buitendag has significant experience in Executive roles within the mining industry in Australia, Kazakhstan, and Africa, including at BHP and Fortescue. • In an Executive capacity, he has led teams in project development and minerals processing and has a track record of delivering business turnarounds. • The SO4 board believes Mr. Buitendag’s skills and reputation as a disciplined operator and manager will serve shareholders well and look forward to his leadership bringing the Lake Way Project into a sustainable, profitable operation. “I’m excited to be joining SO4 at such a critical stage of its development and look forward to working with the team to deliver Lake Way and grow the business into a meaningful player in the global SOP market
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]
crackerboy: Among his other roles, Ian Middlemas is chairman of both SO4 and a mineral exploration company Equitorial Resources Ltd (EQX)that is listed on ASX. In September 2020, EQX became the holder of 34,222,223 SO4 shares at an average cost of A$0.47 per share. The rationale for that investment is stated in EQX's year-end accounts: "Equatorial believes that its liquid investment in SO4 will provide shareholders with higher returns than its cash reserves can generate, while the Company continues to progress its Badondo Mining Licence application". hxxps://www.equatorialresources.com.au/uploads/2/8/0/8/28084707/eqx_financial_report_2020_final_merged.pdf EQX's market cap has fallen from A$39m to A$30.8m since SO4's recent news. Maybe cash would have been the safer option. SO4 seems to be still suspended on ASX pending an announcement anticipated by 16/8/21. There's probably a reason for the suspensions across ASX/AIM to be inconsistent but I don't know what it is.
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.
dearg doom: The remaining 10% probability could be that the new shares are issued at a discount to the closing price in London at 24p. Those inividuals/institutions close to the company pick up cheaper shares than otherwise,they might have. Some news leakage beforehand may have encouraged sellers to expect share price weakness. Hence, the unlikely timing of share price fall below 30p, This was further exasperated by an RNS with advance notice of an equity raise. The dual listing in London and Australia, briefly created an imperfect market with one exchange trading halted and the other exchange continuing to trade. If new shares are issued at moderate discount to 30p would help re-enforce everything is above board. Share price depending on size of equity raise could bounce back to 30p in quick time.
Salt Lake Potash share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Salt Lake ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211130 16:48:47