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
  0.25 1.04% 24.25 99,094 10:26:02
Bid Price Offer Price High Price Low Price Open Price
23.50 25.00 24.25 23.50 24.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals -19.64 -3.04 179
Last Trade Time Trade Type Trade Size Trade Price Currency
17:05:52 O 2,000 24.25 GBX

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Date Time Title Posts
09/4/202115:52 SALT LAKE POTASH LIMITED 507

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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 24p.
Salt Lake Potash Limited has a 4 week average price of 23.50p and a 12 week average price of 23.50p.
The 1 year high share price is 35.50p while the 1 year low share price is currently 17.25p.
There are currently 736,527,863 shares in issue and the average daily traded volume is 170,915 shares. The market capitalisation of Salt Lake Potash Limited is £178,608,006.78.
activmojo: Https:// Ian Peter Middlemas, B.Com, CA, has been re-designated as Non-Executive Chairman of the Board of Wildhorse Energy Limited., with effect from 29 August 2014. Https:// September 2, 2014, Perth, Australia - Wildhorse Energy Limited announced that Ian Middlemas, non-executive director, has been appointed as chairman of the company. Meanwhile, in Ian Middlemas you have a hugely experienced non-exec, while Swinney brings to the table the expertise of developing large scale energy projects such as the Mecsek Hills gas venture. So with two mouth-watering opportunities and the management and technical expertise to back this up, Wildhorse is definitely one for the watch-list.
1234gold: Middlemas had nothing to do with Wilsthorpe Energy, that thing was a shell when he backed SO4 into it.
dartboard1: I'm not too bothered so long as it's in this quarter. Price won't do much I don't think on initial sales. Investors are waiting to see if they can ramp up to full capacity at forecast costs. Potash price has been good so that helps on the revenue side.
activmojo: 1234gold ther is nothing here to surprise any investor that has followed this since the days of Wildhourse Energy. The man pulling TS strings is Ian Middlemas and he knows exactly what he is doing. Wildhourse was reversed into SO4 in 2015 and prior to that they plundered the share holders in every which way. The only chance we have here is that it throws off so much cash they will have to let some of it cascade into the share price Https://
colinbwood: I have great hopes for this company but it does seem to be struggling from an share price point of view. I've looked on some of the Oz discussions and there seem to be a few concerns. 1) Still waiting for approvals as flagged in the last report. 'Approvals The Company continued the advancement of the remaining permitting required to support full-scale operations. A revised Environmental Review Document (ERD) was submitted during the quarter, with the EPA confirming acceptance and completing their draft assessment report. SO4 presented the project to the EPA board and the board assessed the project in their December monthly meeting. The board agreed to adopt the draft assessment report and the EPA have commenced the final assessment report, to be issued to the Minister. The EPA has determined that the full project scope requires formal assessment with no public review. In addition to the EPA submission, the Company continues to seek other project approvals as required.' 2) Their build plan might be a bit ambitious so production might be delayed. 3) Are the ponds they've built able to support generating 245kt of SOP. My main concern would be that they have issues with the approvals.
easylikesundaymorning: Have I missed any news from SO4 that would explain the dropping share price???
hootstox: George,Im in a similar mind. I dont have as substantial a holding but loathed to average down when we are still not earning. Its not a huge discount on current price and we have seen dips below that very recently. Could be a volitile few days with offer closing on the 14th.I appreciate that revenue is projected soon and if achived or even good progress toward are achived then share price shouldnt stay here for long.
aja2: I'm not going to make assumptions about whether or not the board knew they would have to raise more capital so soon after the last raise; I don't think they would have wanted to so not sure that trust is at stake. It's always the same problem; the ones who hold the purse strings can change their mind and alter conditions or withdraw finance. Once this first lake is up and running in a couple of months time it won't matter and SO4 will be in a lot stronger position if it needs to raise further capital for future projects; I foresee the share price will also be significantly higher than 22p at that point.
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.
dearg doom: Share Price 24.75p (-11%) As a shareholder, I would have thought far better and fairer if share trading was halted on both listed exchanges until such important issues highlighted in this morning's RNS are clarified. Worse case: planning issue problems and Taurus walks away. Alternative funding to sorted shortly (10% probability) Likely case: Taurus confirms funding. An additional capital raise, close to 27.5p for funding expansion of a 2nd lake. (70% probability) Best Case: Confirmation of agreed funding and planning with a capital raise at a premium share price. Finance raised to start phase 1 of expansion into 2nd lake. The capital sum raised is relatively modest. (10% probability) So upside risk/reward in my favour. Three options, to add, to continue to hold and to sell. Only two of those options makes sense.
Salt Lake Potash share price data is direct from the London Stock Exchange
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