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0.1¢ australian potash limited

See BCI release today, they have formed a JV with KLL on new...

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FiendishRedbeard

7,936 Posts.

232

01/03/17

23:15

Post #: 23028215
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Originally posted by FiendishRedbeard ↑

BCI reported this week they are progressing a strategy to diversify their asset base to include gold, basements and potash. The latter being of interest to APC saying they have assessed all credible local potash projects and are looking for a slice. RWD and KLL are the closest projects to BCI assets so perhaps the most likely to make a deal. KLL may not provide the upside capacity and RWD needs some direction and a management change imo which may hinder a deal but probably the most likely. AMN could be more amenable as i suspect they will end up with the highest capex to fund so access to BCI cash (and cash flow) but more importantly management may fit well. APC probably too small as well to be on the radar of BCI (and K&S have also talked about investment in local potash plays) however would highlight growing interest in the sector. FMG have also touched on diversification strategies over the years.

http://www.asx.com.au/asxpdf/20170222/pdf/43g6vfk86j7kk0.pdf

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See BCI release today, they have formed a JV with KLL on new leases to the north of APC. I doubt they are the only group looking at investment into the local potash sector.

APC Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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