AMN 7.41% 14.5¢ agrimin limited

It's not a PFS, page-15

  1. 329 Posts.
    lightbulb Created with Sketch. 18
    Face facts is what you need to do

    RWD and AMN put out huge numbers
    Inflated to justifie even huger capex

    My punt is they can’t justifie these numbers
    Hence why they do not have a reserve

    you can be critical on the KLL reserve
    Or you can look at the facts and what actually converts
    KLL have 90 million tons
    It doesn’t all convert
    RWD started of stating they had 500 Mt
    They are now down to 1.5 metres trenches

    AMN don’t even put out the numbers
    But I suspect the exact same problem

    Once they solve this problem they won’t be
    So keen on unlined ponds either
    That brine will be all so much more precious

    RWD already bending towards lined ponds
    You talk about AMN being great on PR
    Why don’t they address these concerns

    Something to think a bout when you are buying bags of kLL SOP from bunnings for your lawn
 
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