WA SOP Royalty now 5%

First 14 Last

Share
Profile

Follow
sevo

7,080 Posts.

526

13/05/22

11:28

Post #: 61388077
Share

Originally posted by RefreshNow: ↑

The SOP price doesn't appear to be widely available like coal, iron ore etc. The last I saw was from Trigg mining on their quarterly report on 28/04 quoting it at US1100 per tonne which at the current exchange rate of 69 cents makes it AUD1594 per tonne

There are some major factors outside of the control of KLL which are potentially very positive for the company:
- SOP price is very strong and increasing
- AUD has weakended
- Demand is there, no problem to sell every tonne produced
- Supply side loss of fertiliser from Russia

There are some factors within the control of the company which as not as favourable:
- Can't confirm if CR is needed for extra funds. Hope not.
- Have a little caveat in their reporting that despite the progress they don't know if the plant will work until they actually try and produce in June
- Let's not kid ourselves that if a plant that was supposed to have been operational and was announced as being in production in October last year still isn't producing then they weren't small issues to resolve. Even the most optomistic holder would have to admit that.

There just couldn't be a better time to start producing & selling. Come on KLL, just make it happen and don't make your long suffering holders sit through another CR or we are this close story. I decided to take a gamble and buy some recently because if they get it right there is a lot of upside from here but I still feel a bit like that money is at the casino.

Expand

WA SOP Royalty now 5%

KLL Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

There are more pages in this discussion • 47 more messages in this thread...

First 14 Last

Add KLL (ASX) to my watchlist

(20min delay)
Last 2.5¢		Change 0.000(0.00%)		Mkt cap ! $50.79M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

WA SOP Royalty now 5%

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Featured News

Featured News

WA SOP Royalty now 5%

Top Stories

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Featured News

Featured News