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SOPerior Fertilizer Corp V.SOP.H

Alternate Symbol(s):  POTRF

SOPerior Fertilizer Corp. is a Canada-based exploration and development stage company. The principal activity of the Company is to develop projects focused on the production of sulphate of potash (SOP). The Company is engaged in the development of the Blawn Mountain Project (Blawn) in Utah, which involves the exploration, development and production of mineral resources and is focused on the exploration of alunite in order to produce SOP, co-product sulfuric acid and alumina. Blawn Mountain Project comprises approximately 23.5 sections of land owned by the State of Utah, acting by and through the School and Institutional Trust Lands Administration (SITLA), and covers approximately 15,404 acres (6,233 hectares) of land located in Beaver County, Utah.


TSXV:SOP.H - Post by User

Comment by JackBaueron Sep 11, 2021 12:22am
248 Views
Post# 33844545

RE:UPDATE ?

RE:UPDATE ?
I spoke with Andrew.  Now that it is done and over with he was able to give me a fair bit more information as to why the previous deal didn't go through.  It was as i suspected.  VGLS were shady folks.  Here is the good news.  The reason CCI went for the deal with VGLS is because they offered to overpay for Tamra.  SOP was attached to Tamra/CCI through the JV so SOP was stuck waiting and had to be tight lipped.

New buyers are more serious, and are paying a more realistic price.  By the way he worded things I inferred that bidding had completed.  He is in contact with the buyers.

I also believe I may have misunderstood him about waiting for the Tamra reserves booking to complete prior to the deal going through.  He said that wasn't the case.

I spoke with him end of August, and he said he's been told its looking like within the next month.  So i'm hoping early October at the absolute latest.

Hopefully good times on the horizon.  A relist on the TSX-V would be nice too...
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