Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Losses reduced, assets and cash currently equal to mcap--more or less. No guesses to how the market will view it, looks OK to me and will look better when we get some feedback on sampling results. Maybe time to sell off Uranium interests and get digging in Oz.
This will rise soon.Huge potential.
No porosity testwork has been undertaken at Lake Wells previously and results to date have been particularly pleasing. From a total of 19 holes analysed to date, the average brine volume was 43.5%, with a low of 37% and a high of 54%
Explains the rise then. Very nice...
Broker targeting 21p possible on contract news.Huge upside trend.Australian stock exchange trading halt until news issue.
With an mcap of only £7m there is a massive upside if the price sensitive exploration news is good. AFPO current mcap is £21m and has been over £25m This is the higher grade potash and sells for a premium due to no chlorine in it. A rerate to similar mcap to WHE peers could be on the cards with the right news. An easy 3bagger from here.
Hear something tomorrow--hopefully the salty pond is covering a vast resource available from surface where the potash has very considerately arranged itself into 1 ton sacks of fertilser that can be sold directly to AFPO. Or that high grade minerals can be commercially extracted from the water and muddy residue via a simple process which will generate early profits to enable a full scale mining operation in the coming months. Hey, one can dream eh? bored as one can perhaps deduce from the carp posting.
15p target I'm hearing with new deals etc
and live prices seem to be broken here at the moment - no trade since 11:06 and I know there has been - I bought in a few minutes ago. 20k @ 7.05
Wildhorse Energy Ltd shares rose on Monday morning after the company said it will shortly release news concerning its exploration activities at the Lake Wells project in Australia. Wildhorse shares were up 24% to 7.27 pence per share on Monday morning. The company said it has requested for its shares to be suspended from trading on the Australian Securities Exchange pending an announcement about the Lake Wells project. The trading halt will remain in place until the announcement is released or until the opening of the ASX on Wednesday, whichever its earlier, it said. Its shares on AIM remain unaffected and will continue to trade as normal. Wildhorse began drilling and other testwork in the third quarter of 2015 after it completed a heritage clearance survey in the second quarter. The drilling and testwork completed included pump testing, process testwork and evaporation trials to form an initial resource estimate and scoping study.
Wildhorse Energy (LON:WHE) has returned its first quarterly results since the transformation acquisition of two potash projects in Western Australia. The company announced its intention to acquire the Lake Wells and Lake Ballard projects in an all-shares deal back in April, and completed on the purchase in June. Since then, it’s been straight to work, with a heritage survey now completed at Lake Wells, and further licenses granted at Lake Ballard. The progress at Lake Wells is particularly significant as it has involved the approval of Aboriginal Heritage Consultants for a potential drilling campaign. That clears the way for a full resource evaluation programme and means that significant newsflow is likely to be forthcoming from Lake Wells in due course. Meanwhile, at Lake Ballard, reconnaissance exploration work has now got underway. Both projects look highly prospective for economic quantities of a premium form of potash, known as sulphate of potash (SOP). Unlike standard forms of potash, usually known as muriate of potash (MOP), sulphate of potash does not contain chlorine, which can be harmful to some plants, particularly sensitive high yielding crops like fruits and tobaccos The pricing tells the story. Whereas the prices for MOP have been under pressure for some time, and in particular since the Canadian and Russian cartels broke up a couple of years ago, pricing for SOP has held up pretty well. For many years the prices of SOP and MOP tracked each other, with SOP selling at a significant premium, but none the less mirroring moves in the MOP price. Within the past couple of years though, there has been a divergence. MOP prices have weakened, while SOP prices have continued to strengthen. That’s because SOP supply is constrained. It’s a premium product and there’s not much of it about. Which is why Wildhorse Energy has shown such an interest in its SOP projects in Western Australia. At the end of June the company had just over A$3 mln in the bank to enable it to proceed with further work
This rise will be far higher
By Harriet Mann | Tue, 7th April 2015 - 13:48 Share this Why Wildhorse Energy rose 162% Suspending its shares on the Australian Stock Exchange pending news of a potential acquisition did wonders for Wildhorse Energy's (WHE) UK share price on Tuesday, which jumped by as much as 162%.
in red at 7.4, last trade a sell. Has anyone had a look at where this salty pond is located? Walkabout Creek has nothing on it.
+25% good news coming trading halt in Oz
Fingers crossed
a few for the ride.
Trading Halt
Same story load of bull **** no news shares dropping like a brick mind you at least the bods only have there free shares to lose, Why if this is such a good investment why haven't the bods invested? And why no news updates ect ect they couldn't sell coal or ûrainium so what chances do they have in selling potash?
As I have said before these should invest in bull ****
Won't be long before this investment vanishes?
I am still just watching this one now. Traded this through these latest ups and down so doing okay. You never know with this potash stuff - might see an AFPO type move up one day. Sold out nearly on everything at the moment and waiting for markets to steady before returning. Day trading is the only answer at the moment but that is not easy.
Patients, news coming.
Looks like the past repeating gets your money then it flops but money disappears Oz again reckons share to rise over 8 then it dives like a duck with weighted boots on