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Salt Lake Potash – the Fat Lady starts singing Waltzing Matilda: Told y’all!

2021-10-20 10:48:58

You cannot say that you were not warned numerous times that this crock would collapse but natch Bulletin Board savants and the paid promoters such as Vox Markets knew better. Today Salt Lake Potash (SO4) has appointed administrators in Oz and the Fat Lady is belting out a chorus of Waltzing Matilda. Of course the blame lies with the ex CEO, the aggressive penny share bullshitter Tony Swiericzuk, who “was resigned” on 27 August.

Salt Lake Potash (#SO4) – appointment of KPMG as administrators. As warned here

2021-10-20 07:59:59

Salt Lake Potash (#SO4) – further extension to ASX ‘pending fundraising finalisation’ suspension to 21st October

2021-10-07 07:59:47

Salt Lake Potash (#SO4) – proposed appointment of Isak Buitendag as CEO, good luck chap!

2021-09-13 07:59:52

Good news travels fast bad news is delayed – its Salt Lake Potash again

2021-09-09 10:30:59

Shares in Salt lake Potash (SO4) have been suspended on the ASX since 27 July although on AIM they have traded since 29 July allowing anyone with half a brain cell to get out. The cause of that suspension was an admission of technical issues which meant a delay in production which, in turn, meant that without new funding Salt Lake would crash land in tits up alley by Christmas. As the meeting with the Fat Lady draws ever closer we have news today. Or rather lack of news on that financing.

Salt Lake Potash (#SO4) – further funding-related ASX suspension extension, now to 27th September

2021-09-09 07:54:49

Salt Lake Potash – CEO is "resigned" and it gets worse, much worse

2021-08-27 10:28:18

I always took the view that Salt Lake Potash (SO4) was an over-pumped promote, touted as the next big thing by the likes of Alan Green and the scumbags at Vox markets and that its CEO Tony Swiericzuk was an arrogant and monstrously overpaid ( A$2.2 million last year) prick. As if there were not enough red flags...

Salt Lake Potash (#SO4) – CEO Tony Swiericzuk “resigned”, “in advanced discussions with a replacement CEO”

2021-08-27 07:49:13

Salt Lake Potash (#SO4) – project funding announcement-related ASX suspension extension to 13th September

2021-08-27 07:48:26

Salt Lake Potash – after update on its Lake Way project funding “anticipated to occur no later than 16 August”...

2021-08-16 16:25:40

Previously writing on Salt Lake Potash (SO4), last month I concluded including “whereas trading on AIM has now resumed, “SO4's ordinary securities will remain suspended on ASX pending an update on its Lake Way project funding that is anticipated to occur no later than 16 August 2021”. And today an “Update on ASX Suspension” announcement...

Salt Lake Potash (#SO4) – funding update expected by end of month, ASX suspension extension

2021-08-16 07:38:44

Salt Lake Potash – 7 weeks after “funds from placement and final debt drawdown”… further project funding now urgently required!

2021-07-29 12:38:29

Last month Salt Lake Potash (SO4) was “pleased to announce that following receipt of funds from Tranche 1 of its recent A$28m placement… SO4 has drawn down the final US$33m tranche of its US$138m Senior Debt Facility” and on 1st July “that process plant Practical Completion… has been achieved at its Lake Way asset in Wiluna, Western Australia. Plant commissioning continues with first SOP product expected in the weeks ahead”. Today a further update and the shares currently more than halved to below 8p in response!

Salt Lake Potash (#SO4) – Australian$28m placing at A$0.35 per share

2021-05-24 07:45:37

Salt Lake Potash (#SO4) – completes A$52m placing at A$0.40 per share

2021-02-11 07:48:32

Salt Lake Potash (#SO4) – binding commitments to raise up to A$52m at A$0.40 per share

2020-12-11 07:57:49

Salt Lake Potash (#SO4) – completes ‘retail’ component of entitlement offer, “take up rate of approximately 40%” & shortfall to sub-underwriters

2020-08-28 07:52:43

Salt Lake Potash (#SO4) – ‘retail entitlement offer’ opens, conversion of convertible notes

2020-08-14 07:49:47

Salt Lake Potash (#SO4) – $138m (A$203m) debt financing package & A$98.5m equity raise at A$0.50/share

2020-08-05 07:53:57

There's a Promising Mining Report for Punters Taking Pot Luck with this Plucky Potash Project

2019-03-19 01:26:27

Hello, Share Scorchers. In Jordan, where I’ve just met some of the friendliest people in the world, probably the main export is potash. If you thought this was a fairly unimportant mineral, you would be wrong. Potash is important for agriculture because it improves water retention, yield, nutrient value, taste, colour, texture and disease resistance...