SO4 has completed the off lake civil construction works and work on the next stage of construction is underway. The evaporation ponds, which are being fed from the trenches, are ramping up to steady-state commercial-scale operations. The SOP prices seem to be resilient and stable in the current environment along with other soft commodities which have performed well YTD. SO4 has implemented mitigation strategies to deal with COVID-19 but operations have not been impacted at this point. We maintain our BUY recommendation with a $1.71 TP.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.
