Ann: Pre-Feasibility Study Update, page-74

First 74 Last

Share
Profile

Follow
KRogers

258 Posts.

19

22/04/18

11:02

Post #: 32611177
Share

Originally posted by Hahndoe ↑

KRogers,
KLL's PFS only covers the area A (stage 1?) which is the western side of their lake system. I also don't believe it includes the entire western lake as another company holds the tenement over most of it??? So they haven't announced any data for the rest of the project, although they seem to imply in their PFS it will provide the same cash flow etc. So it may not help them in the future when they combine their 200km long project into one.

Also, they never explicitly explained what area the PFS covers! You had to research to find out, which of course is a poor reflection on management. When management need to revert to 'smoke and mirrors' the red flags are flying.

It's for this reason I believe KLL is a dud. It may and can produce potash but will never amount to much based solely on its current project. On the other hand the second area could prove to provide the same cash flow but why use smoke and mirrors if management believe this.

AMN is even worse. The southern section of the lake has no potash. They did an entire drilling program and didn't release the results. So they have a tiny strip in the middle. At least KLL are close to farmers. They could truck straight to them but a world-class project that doesn't make! That makes a small family run business that needs to de-list

Expand

That "tiny strip" is bigger than Lake Disappointment! Verdant (then Rum Jungle) released a resource on the southern portion of Lake Mackay that you're referring to in Sept'14 - it actually has a better grade than the north according to their data....

Farmers will generally want a blended fertiliser so I can't see them buying SOP mine gate

RWD Price at posting: 22.0¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

There are more pages in this discussion • 10 more messages in this thread...

First 74 Last

Add RWD (ASX) to my watchlist

(20min delay)
Last 8.5¢		Change -0.005(5.56%)		Mkt cap ! $9.114M

Open	High	Low	Value	Volume
8.8¢	8.8¢	8.5¢	$8.594K	100.0K

Buyers (Bids)

No.	Vol.	Price($)
1	24402	8.5¢

Sellers (Offers)

Price($)	Vol.	No.
9.0¢	117000	2

View Market Depth

No.	Vol.	Price($)
2	189708	0.100
1	10000	0.080
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.105	24000	1
0.110	8500	2
0.115	10000	1
0.120	32686	2
0.130	96000	3

Last trade - 14.03pm 15/11/2024 (20 minute delay)

RWD (ASX) Chart

Ann: Pre-Feasibility Study Update, page-74

Top Stories

Banshee's historic trenches prove rich in antimony and gold for GDM

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Buyers (Bids)

Sellers (Offers)