SO4 flying +12% on huge volume!
Agree mate as unfortunately share price down -20% over these past 4-5 week's :(
Bureau of Meteorology warns of huge rain falls while Cyclones Odette and Seroja rage
This may further delay progress as heavy rains never good.
Strong close SO4 @ 0.45c +5.88% with a nice uptick in volume/momentum today.
Indicators turned bullish :)
Full environmental permit enables SO4 to finalise construction of pond trains 4-6 as well as associated trench and bore construction that will support full-scale operations at Lake Way.
Construction on the final components of the on-lake infrastructure will begin this quarter.
Over the coming weeks the utilities, conversion circuit, flotation circuits, crystallisers and dryer will all be commissioned ahead of full load commissioning and SOP production in the current quarter.
SO4 chief executive officer Tony Swiericzuk said at the time that the company was on track for first production and SOP sales in the June quarter.
“First SOP sales and revenue are now well within sight.”
*excerpt from proactive investors update
Food & Agriculture based stocks on our asx are doing really well (FOOD ETF is at yearly high's) so SO4 is in the best sector/space to capitalise on this near term - only a matter of time till our sp re-rates big time accordingly imo (meanwhile am staying patient/adding more on any sp weakness) dyor
Cheers tela :)