SO4 0.00% 31.0¢ salt lake potash limited

Ann: Lake Way Project and Financing Update, page-263

  1. 2,525 Posts.
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    All the best Dave I hope this one works out for you, it's never nice seeing people lose their hard earned.

    I do have my suspicions though that this may not end up to be the fairy tale that shareholders want it to be. SO4 is up to their eyeballs in debt, with positive cash flow in the near term not looking very likely. Creditors will be looking very very closely at this, I'd hate to say it but the ball may rest in their court. This is looking very similar to AJM, creditors came knocking on the door when debt could not be paid back due to lack of positive cash flow.
 
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