All is not lost! Writing under the headline 'A little SOP to get most of your tomato crop' resources columnist Barry Fitzgerald in yesterday's 'AUSTRALIAN' (4 Sep 15 - p 30) writes (quoting bits):
"But today's interest is in former gold explorer and SOP aspirant Goldphyre Resources (GPH). In the clapped out market for anything to do with resources, its shares have swum against the tide, doubling to 7.8c since June 30. It gives Goldphyre a market capitalisation of $8m.
The interest in the stock reflects the success of a drilling program that ... reported last month "very strong" SOP concentrations in brine beneath the lake proper and in the surrounds.
It was a good start and made all the more interesting because, despite Lake Wells' seemingly remote location, it has infrastructure access.
A resource estimate is the next signpost for the project but the pundits are already thinking about the potential for a 100,000 tonne-a-year SOP project.
"Our goal is to target a low-capital operation that initially supplies farmers and other potash users in Australia with a product that they currently import 100 per cent from costly overseas suppliers," the company states.
Can't argue with that."
As I have headlined, 'Thank you Barry'.
Now to find some shillings for a few more options.
Stop losses in place, always.
_______________________ [email protected]
Not a pro; simply a trader who loves the game.
APC Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)