# Dirt cheap MOP play in **on, with an experienced crew on the ground, excellent resource nearology (ELM), infrastructure and ready to commence field work, having just raised $3M @ 8.5c, via Peloton Capital (also lead manager to FYI placements)
# Nearest peer is ELM ($80M mc @ 20c; most will remember it trading much higher, up to $3, back in its heyday) and they are currently under a t/o offer from a Chinese entity.
# Ex-ELM managing director, John Sanders, has just joined PLH as CEO. A big boon for the company, given his on-ground experience in the region and developing a successful potash resource.
# Recent movements in S04, GPH and FYI share price bodes well for stocks such as PLH.
# Hartleys have been very strong buyers of stock since the acquisition announcement, mopping up just over $400k worth, 9.8c ave.
# Mgmt good skin in the game and vendors well incentivised to generate results, via 25M tranche two Performance Shares, on the basis of a 60Mt resource and a pre-feasability study (at which point, I imagine the sp will have taken care of itself)
#With potash stocks you want higher margin SOP projects, with manageable capex (e.g. AMN) or MOP projects in strategic locations, close to end users (PLH).
# Should see an Ann on seismic shortly, followed by drilling (drilling into a known high grade historical zone = high COS)
