STTCOMP APC, TA Long
Australian Potash
MC $23m
Cash $1.9m
Looks to have bottomed out, and starting to turn upward.
The threat of production saw the SP drift slowly from 16 cents to 8.6 cents.
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The above announcement refers to un-lined, on-lake evaporation ponds, but was a little vague on the specific cost savings.
The SO4 announcement made it far clearer just how much in savings this means, and when the market realizes this, APC should start to get rerated.
P.S. They have a sneaky bit of a gold project as well.
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- Short Term Trading Weekend 11th-12th November
Short Term Trading Weekend 11th-12th November, page-69
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