SO4 0.00% 31.0¢ salt lake potash limited

Ann: Appointment of Receivers and Managers, page-68

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  1. 7,080 Posts.
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    It won’t be like selling an old goldmine.
    Lake Way hasn’t produced anything as far as we know.
    SO4 failed despite being the designers following feasibility and seeking resource specific advice.
    A new buyer can’t just walk in, turn on the power and start producing. They have to wait for the brine to evaporate.
    I can see an offer being far below cost to replace.
 
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