All the WA hopefuls are a fair way behind Kalium. RWD are arguably the closest with respect to approvals and NT. APC the closest with respect to studies.
I don’t hold Kalium but one has to acknowledge the excellent finance they have which includes German export credit and NAIF. They have a solid offtake partner in K&S and look to be the only company with a certain foothold in the AUS/NZ market via K&S. Their cap raise was at a respectable price.
The talk from APC, Trigg and SO4 about the local market means nothing until the farmers come on board and that will be sometime after finance is required by APC. SO4 have finance arranged.
The next 6-12 months will see major advances from all the WA SOP hopefuls with the exception of Trigg.
APC Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held