South Boulder's Eritrean Potash Project Goes From Strength To Strength, And May Now Be The Subject Of A Spin-Out
Holding an elephant by the tail can be a tricky business, and that could be a reason why ASX-listed South Boulder Mines is thinking about letting its potash-powered elephant run free, eat well, and grow fat. Not so long ago South Boulder made what appears to be one of the world's best recent potash discoveries, in the Red Sea-facing country of Eritrea. After that, investor interest in Colluli project made South Boulder one of the Australian stock exchange's better performing companies earlier this year, pushing the shares up from A56 cents to A$6.25, though a recent sell-down to around S$2.50 has seen a sobering wake-up call. But now, buried in the company's June quarter report is a small gem of information which could unleash a fresh burst of market interest - and it's all to do with letting the Colluli "elephant" run free.
Full story... minesite.com
STB Price at posting:
$2.25 Sentiment: LT Buy Disclosure: Held
