SO4 salt lake potash limited

Ann: Energy Specialist to Fast Track Expansion , page-3

  1. 6,072 Posts.
    re: Ann: Energy Specialist to Fast Track Expa... They need substantial funding. You can have the best on board but if you can't access funds it becomes a struggle.

    Nevertheless, energy created in Hungary will reduce the dependence of energy from Russia of which I understand Hungary is overly dependent upon.

    The company has a JORC defined uranium project of around 77 million pounds as well. Something like 40% of Hungary's energy needs are served by nuclear means and the Hungarians desperately want less reliance on Russia.

    Great story but just a bit over capitalised for my liking but who knows it could just keep going up from here.

    Very hard to put a value on this company for the short term until they get funding (if they do) otherwise it's back to shareholders for the funds.

    Ex-Sasol "high level" executives is what is driving the share price in my opinion.

    Good luck

    :)
    Nic
 
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