Australian (ASX) Stock Market Forum

KLL - Kalium Lakes

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strong breakout KLL takes off from double bottoms,
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Interesting prospect, should go a long way under trading circumstances.
Kalium Lakes is developing a sub-surface brine deposit to produce Sulphate of Potash (SOP) product via an evaporation and processing operation.
Potash comes in a variety of forms including the premium Sulphate of Potash (SOP). SOP contains potassium, one of three essential nutrients for plant growth.
See a lot of future in this...How many other company's produce this?..Interesting market, for distribution.:2twocents
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KLL's Beyondie Project is well-developed, 90 per cent complete and on track to start production in September 2021. Its power source is fully commissioned, as are the recycle ponds. With the SOP purification plant and evaporation ponds nearly completed, the company is on track to achieve its target production rate of 90,000 tonnes per annum. Further studies as to whether this could be expanded to 120K are expected to be completed next month.

However, the company has been thrown a late curveball with Toll Mining Services informing KLL that it is not able to provide backloading services due to unavailability of trucks. The company is in discussions with other parties and will seek to resolve this before SOP production starts.
 
Dona Ferentes said:
not able to provide backloading services due to unavailability of trucks.
Click to expand...
Starting to be a common problem across the board.
Grain handlers reporting same issues.
Ships that used to be loaded in around 7-10 days, are now taking 15 to 30 days due to truck/staff shortages delivering grain to ports.. Demurrage fees mount up.
 
Dona Ferentes said:
KLL's Beyondie Project is well-developed, 90 per cent complete and on track to start production in September 2021. Its power source is fully commissioned, as are the recycle ponds. With the SOP purification plant and evaporation ponds nearly completed, the company is on track to achieve its target production rate of 90,000 tonnes per annum. Further studies as to whether this could be expanded to 120K are expected to be completed next month.

However, the company has been thrown a late curveball with Toll Mining Services informing KLL that it is not able to provide backloading services due to unavailability of trucks. The company is in discussions with other parties and will seek to resolve this before SOP production starts.
Click to expand...
It will be interesting to see if their production ramp up, is better than SO4's, which fell in a hole at 90% complete. I'm not sure whether it is a management issue, or the process is more difficult, than it sounds.
 
frugal.rock said:
Starting to be a common problem across the board.
Grain handlers reporting same issues.
Ships that used to be loaded in around 7-10 days, are now taking 15 to 30 days due to truck/staff shortages delivering grain to ports.. Demurrage fees mount up.
Click to expand...

Not just trucks, rail also having trouble keeping staff. Rain washing out rail lines & closing roads isn't helping with accumulation either.
 
sptrawler said:
It will be interesting to see if their production ramp up, is better than SO4's, which fell in a hole at 90% complete. I'm not sure whether it is a management issue, or the process is more difficult, than it sounds.
Click to expand...
so far so good


A$50 MILLION CAPITAL RAISING TO FUND EXPANSION AT BEYONDIE FOLLOWING SUCCESSFUL ACHIEVEMENT OF FIRST PRODUCTION

• Two tranche placement to raise A$50M at an offer price of A$0.18 per share
• First tranche of the Offer to be completed .. to raise approximately A$37.8 million, with the second tranche of the Offer to raise approximately A$12.2 million, subject to shareholder approval at the AGM to be held late November 2021
• Issue price of A$0.18 per share, representing a discount of 18.2% to the last closing price and 21.3% to the 5 day trading VWAP
• Share Purchase Plan offer to all eligible shareholders to raise up to A$10 million at the same offer price as the Offer
• Kalium Lakes largest shareholder, Greenstone Resources, has committed to subscribe for up to A$11.3 million to retain a holding of 19.8% post the Offer and SPP
• Proceeds from the Offer will be used to fund the expansion to 120ktpa and provide working capital during ramp-up
 
Dona Ferentes said:
so far so good


A$50 MILLION CAPITAL RAISING TO FUND EXPANSION AT BEYONDIE FOLLOWING SUCCESSFUL ACHIEVEMENT OF FIRST PRODUCTION

• Two tranche placement to raise A$50M at an offer price of A$0.18 per share
• First tranche of the Offer to be completed .. to raise approximately A$37.8 million, with the second tranche of the Offer to raise approximately A$12.2 million, subject to shareholder approval at the AGM to be held late November 2021
• Issue price of A$0.18 per share, representing a discount of 18.2% to the last closing price and 21.3% to the 5 day trading VWAP
• Share Purchase Plan offer to all eligible shareholders to raise up to A$10 million at the same offer price as the Offer
• Kalium Lakes largest shareholder, Greenstone Resources, has committed to subscribe for up to A$11.3 million to retain a holding of 19.8% post the Offer and SPP
• Proceeds from the Offer will be used to fund the expansion to 120ktpa and provide working capital during ramp-up
Click to expand...
Read the details and hope market utilises the golden opp.
Bhp and others are moving to potash now.
18 cents great .
What is the view from team?
 
Miner said:
Read the details and hope market utilises the golden opp.
Bhp and others are moving to potash now.
Click to expand...
The Jensen project is for Muriate of Potash (... a potassium-rich salt used mainly as fertiliser to improve the quality and yield of agricultural production. MOP can be used directly as a fertiliser, combined with other important nutrients or converted into other forms of potash. Potash fertilisers are a critical source of the potassium that crops need to grow. MOP and derivative chemicals are also used in a wide variety of applications, including glass manufacture, oil & gas drilling, aluminium recycling, water softening, fireworks and many more....) from BHP website

Most of the Australian saline lakes projects are for Sulphate of Potash. SoP provides both potassium and sulphur in soluble forms. · SOP contains no chloride and hence has a much lower salt index than MoP. ... but is more expensive. Though SoP is the small end of the potash industry, it is also the premium end with farmers typically paying 50 per cent to 100 per cent more for SoP, which is ideal for fertilising crops such as berries, nuts and citrus.
 
sptrawler said:
It will be interesting to see if their production ramp up, is better than SO4's, which fell in a hole at 90% complete. I'm not sure whether it is a management issue, or the process is more difficult, than it sounds.
Click to expand...
It looks to me as though this potash gig, is a good space to do your dough in.
 
Dona Ferentes said:
so far so good


A$50 MILLION CAPITAL RAISING TO FUND EXPANSION AT BEYONDIE FOLLOWING SUCCESSFUL ACHIEVEMENT OF FIRST PRODUCTION

• Two tranche placement to raise A$50M at an offer price of A$0.18 per share
• First tranche of the Offer to be completed .. to raise approximately A$37.8 million, with the second tranche of the Offer to raise approximately A$12.2 million, subject to shareholder approval at the AGM to be held late November 2021
• Issue price of A$0.18 per share, representing a discount of 18.2% to the last closing price and 21.3% to the 5 day trading VWAP
• Share Purchase Plan offer to all eligible shareholders to raise up to A$10 million at the same offer price as the Offer
• Kalium Lakes largest shareholder, Greenstone Resources, has committed to subscribe for up to A$11.3 million to retain a holding of 19.8% post the Offer and SPP
• Proceeds from the Offer will be used to fund the expansion to 120ktpa and provide working capital during ramp-up
Click to expand...
Any news @Dona Ferentes ? Their share price looks as though it has fallen since it started production.


Screenshot 2021-12-28 122411.png
 
sptrawler said:
Any news ? Their share price looks as though it has fallen since it started production
Click to expand...
I've tried to stay informed on the sector but the reality seems to be;

1. the band of juniors developing sulphate of potash projects in WA is for a 7mtpa market compared with the 70mtpa muriate MOP industry
2. SoP is the most expensive of any fertiliser.
3. and that's about it.

Hold a few TMG but otherwise not paying attention
 
It just seems str ange that they all seem to fall at the final hurdle.
KLL seem to have been a carbon copy of SO4, maybe the process isnt suitable for the recovered feed stock?
 
sptrawler said:
Well KLL seem to be heading the way of SO4, I bought SO4, note to self "stay away from potash hype" waited on KLL thankfully.
Hopefully everything goes well, my thoughts go with them.

Click to expand...
Hype. Lot's of hype in WA. Should probably be a royal commission into the behaviour of brokers. But that's another topic for another day.

Trading halt pending commissioning strategy update.... I can't see how this will be a good announcement....

With a big capital raising completed only a few months ago at 18 cents and $50 million in cash I thought KLL would have been fine to keep things ticking along until July/August. But with probably $160 million in debt, the sudden drop in the SP to 10-12 cents, and the crash of SO4 - It wouldn't surprise me if KLL doesn't trade again but hopefully they wiggle out of any issues.
 
sptrawler said:
@The Triangle it all is starting to look like a scam, get the punters to build it, go into administration and then it gets on sold for nothing.
Rinse, wash, repeat.
Click to expand...
yep, and they don't even seem to be able to leverage the "Ukraine fertiliser shortage" story!!

of the 5 left on my watchlist, in the last 12 months:
KLL down 68%
APC down 57%
TMG down 53%
AMN down 33%
RWD down 24%
 

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