Kordamentha recons there is significant interest both domestically and internationally for the SO4 "operation"
Here are their comments:
Richard Tucker, of KordaMentha, said the receivers and managers would stabilise the business and assess the company’s financial position.
“The Lake Way project is largely fully developed and offers an opportunity for a turnkey project in a commodity of the future,” he said.
KordaMentha said it planned to market the company for sale or recapitalisation.“Sulphate of potash is attracting significant interest globally as it fits in with the green investment thesis for a large number of global investors,” Mr Tucker said.
“Given SO4 has a world-class potash project in a favourable jurisdiction, we expect significant interest in the sale and recapitalisation process.”
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