Member Info for Prevost

Sounds like all is going to plan.

Encouraging to hear that they are at the "pointy end" of the process.

http://www.proactiveinvestors.co.uk/companies/stocktube/9824/salt-lake-potash-targeting-first-production-from-its-salt-lakes-next-year-9824.html

P

WOLFOFWARE

" ....news was due end of June! "

If you listen to: www.youtube.com/watch?v=m9KjF5bLPIs you will notice that what is actually said is:

"......we need to make a decision on that by June 30th."

Not quite the same thing.

Hi GK

Fancy seeing you here ! Do you come here often?

Have been in this for some while but in a small way, and have not looked in of late, much less posted.

Have today upped my holding as I am hopeful of positive news soon on good reciprocal deal being confirmed with Blackham Mining.

Also the scoping study re the Demonstration Plant is due mid-year and, all things considered, I would hope/expect it to be favourable. If both of these come in before long, I also like the prospect of getting the product to market "quick, sharp and lively" due to the relatively short time and low capex required to build the Demonstration Plant.

In common with you, I particularly like the sound of the self-funding growth model.

I don't know about you but I am becoming a little uneasy about investing in UK shares which are at present subject to "the jitters", as it were, due to Trumps Trade Crusade. I have a fear that any morning I might awake to find that the simpleton has "upped the ante" and that the markets then start to price in the grim realities of an irrevocable full-blown trade war.
I think that Mr Market currently thinks that, despite the rhetoric, even Trump is not crazy enough to pull the trigger on this, but I am far from convinced.

One distinct advantage for me regarding investing in SLP is that, in the MOU with Mitsubishi for distribution of the product, it is to be sold in Asia and Oceania, therefore proofing it against the effects of the wildest excesses of Trump.

ATB and Regards

P

Noticed this last week around the same time that Odlier Asset Management increased their stake.

www.youtube.com/watch?v=m9KjF5bLPIs

P

"The supply agreement is a seven-year agreement from first production, for volumes of POLY4 increasing to 350,000 tonnes per annum in year four and provides for exclusive marketing rights into Nigeria" While I see todays RNS as a small step in the right direction, I would have liked more clarity around what tonnage is contracted in the three years previous. Previous RNSs on TorPs have been more specific. "We continue to make good progress on all aspects of our project and are in active discussions with potential customers in other key markets such as Europe, India and Brazil in order to support the stage 2 financing." I hope we are closer to nailing down more TorPs than "active discussions with potential customers......in order to support the stage 2 financing" would seem to indicate. These would need to be fairly soon and more substantial than this latest one. P P

Oura2 You say in your recent post: "When a meeting of the sales staff was called recently, there was a photo of a room full of happy,smiling faces.I thought that they must have made some sales and were self satisfied." Well, I notice the absence of the happy smiling face of Luke Jarvis whose appointment in 2012 was announced as follows: Sirius Minerals (LON:SXX) this morning announced the appointment of Luke Jarvis as commercial director focusing on sales, marketing and distribution for the company’s York Potash Project in North Yorkshire. Sirius managing director Chris Fraser said: "I am absolutely delighted to announce Luke's appointment to the Sirius team. “Luke brings to Sirius a depth of experience, knowledge and relationships in the fertiliser industry that will be invaluable as we move to secure off take agreements with fertiliser distributers around the world to support financing of the York Potash Project." He was instrumental in previous TorPs. I do not know if this is significant or not, but he is no longer employed by Sirius. I am not sure who now carries out his role in the company but perhaps your Rocket up the Khyber may be required. Hope this Helps !!!

Stanley67 I admire your optimism when you say: "IMO this mine will be built and producing Poly4 with or without a government guarantee." Particularly when the Chairman of SXX says: "In order to fully realise this transformational opportunity for the UK, a partnership with the UK Government, in the form of a Treasury Guarantee under the Infrastructure Project Authority's scheme, is essential." But then, what does he know. P

PAAA In an earlier post you say: " I think it’s entirely correct that as lenders of last resort, the treasury should receive a fee." I think it is important to point out that the Treasury would not be making the loan, but would be being asked to guarantee repayment of a loan provided by a third party. Roulette You state in an earlier post: "What I cannot get my head around, and also what is costing me sleep, is, as CF has openly stated, the mine will be built by plan a,b,c or whatever, why would the govt offer a guarantee supported by taxpayers money? The mine will be built, will bring in huge revenue for the country, jobs and prosperity, even if HMT do not support it." I would disagree. In the 2017 annual report Russell Scrimshaw states the following: "In order to fully realise this transformational opportunity for the UK, a partnership with the UK Government, in the form of a Treasury Guarantee under the Infrastructure Project Authority's scheme, is essential." Some posters also seem to think that stage 2 financing is imminent but the report goes on to state: "Behind the scenes, work was underway to prepare for the execution of the Company's stage 2 financing in late 2018." Without TorPs this will not happen. I doubt whether a TorP can be imminent in view of yesterdays directors dealing, however small. The Company are far too wise to leave themselves open to any accusations. Sxx will be anxious to uphold Chris Frasers: "The culture we have throughout the organisation is reflected in our corporate values." Still LTH but not getting carried away in the short term. P