Salt Lake Potash Takeover Rumours (SO4)

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Salt Lake Potash Takeover Price

Salt Lake Potash Takeover Forum Posts

19-10-2021
I think it is all over. It looks like either a very low takeover bid (i.e. about 1p) or administration. Thank God I had the sense to stay out. Very sorry for all existing shareholders. IMO, the SO4 board badly misled shareholders and Justin Waite amplified it.
24-09-2021
The lack of resignations (so far) makes me think that we may be looking at a very lowball takeover offer, rather than a bailout placing. But I'm just guessing, really. I'll keep following this, in the hope that at some point an opportunity presents itself to make some money. But I'm not very optimistic it ever will. I'm sorry for those who bought shares before all this blew up, basically under false premises.
09-09-2021
Apparently SO4 may be looking for a refinancing of $90m AUD + new CEO. The word is out that is what is being hawked around. Obviously, it's taking a while to get the money. (I don't expect there is a queue of willing financiers). Company still has not confessed what the (evidently, very serious) problems with the operation are, and indeed why they weren't reported to market in a timely manner. So, either a raise at a very low price, a big debt for equity swap wiping out current shareholders, a very lowball takeover, or just possibly administration. Nothing good here. So, KevinRoe, get over it and grow some balls. You've lost your money. Most of it, possibly all of it. I'm sorry for other shareholders, but not for you.
06-08-2021
No dead cat bounce at all here - just a precipitous drop and then a slow slide even lower. It seems to me that the market is essentially saying that the equity has almost no value here. Low ball takeover? Debt for equity swap and massive dilution for existing shareholders?
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