having read the satimola website there are a number of strong links to this deal without being conclusive .however satimola's registered office is in the british virgin isles ,the owners have a registered company in panama both tax free havens.the australian directors are a very strong link to a backdoor listing as an alternative to an ipo in london.their website seems to have no mention of an ipo in london and they are looking for 50 million to complete the bfs.if fmj is a backdoor for satimola we have to ask why they cannot disclose that fact,and therefore it is unlikely.there are 2 major potash deposits in kazakhstan other than satimola but details are very sketchy.however long the timeline here even though the share has had a great run its mkt cap is far from challenging.
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