Australian Potash Limited
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About APC
Australian Potash Limited is an ASX-listed (ASX: APC) which is focused on a strategic process aimed at securing the funding for the development of the Lake Wells Sulphate of Potash Project located approximately 500km northeast of Kalgoorlie, in Western Australia's eastern Goldfields.
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Sector
Materials
CEO
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Industry
Metals & Mining
Website
australianpotash.com.au
$2M
3.33
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$0.00
$0.00
$0.00
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Announcements
What does Australian Potash Limited (APC) do and how does it make money?
They do potash, of course. But there's more.
Founded in 2011, Australian Potash (APC) is an explorer of potash, gold and nickel sulphide minerals and a developer of Sulphate of Potash (SOP). The company is currently running four exploration projects across Western Australia.
Lake Wells Sulphate of Potash Project — located 500km northeast of Kalgoorlie in Western Australia’s Eastern Goldfields, this project covers approximately 1,200 square kilometres. It is APC’s flagship project with the company owning a 100% stake. It is also APC’s largest source of potash at this time.
Lake Wells Gold Project — a joint venture with St Barbara Limited (SBM) for the exploration, development and mining of non-potash minerals such as gold. SBM holds a 70% stake in the project.
Laverton Downs Project — 100% owned by APC and located approximately 20km north of Laverton. In early stages, the project is prospective for gold and nickel sulphide deposits.
Lake Darlot Potash Project — 70km east of Leinster and strategically located near existing infrastructure, the project is exploring for potash and carrying out preliminary investigations for gold.
Australian Potash produces 170,000 tonnes of SOP each year. The company earns revenue by selling SOP to customers from the European Union, the United States and across Australia for use in farming and fertilisation. The company reports its SOP sales revenue in a single segment.
What is Potash?
Potash is a mixture of potassium carbonate and potassium salts. 95% of the world’s potash is used to fertilise farms, grow plants and boost crop yields.
Potash is a vital resource as it protects plants from extreme temperatures, stops wilting, strengthens roots and deters insects and weeds.
Is Australian Potash a profitable company?
No, Australian Potash is not a profitable company. Its net income has been negative each financial year since 2011 except in FY2019 when the company earned A$142.5k. In FY2021, the company’s net income was negative A$3.73m with a negative free cash flow of A$3.15m.
In the company’s most recent interim report, the company cited the securing of funds as a “going concern.” It also admitted to being “reliant on securing funds by raising capital from equity financing, debt financing or other means and managing cash flow in line with available funds.”
Is APC stock a buy?
Many investors view APC stock as a speculative investment. The company’s balance sheet shows close to zero revenue, negative income and negative cash flow.
In November 2021, Australian Potash announced a A$12m capital raising to advance and “de-risk” their Lake Wells Sulphate of Potash project. In doing so, they floated more shares onto the market, further diluting the value of APC stock.
Does APC stock pay dividends?
No. The company has no history of paying dividends and has made no announcements to do so in the future.
Who owns APC stock?
As of April 2022, APC stock’s largest owners are a mix of private companies, institutions and individuals.
The institutions and companies include Yandal Investments (6.29%), Perth Select Seafoods (2.98%), Acuity Capital Investment Management (2.3%) and Cen Pty Ltd (2.13%).
Individuals include Cyprium Australia’s Founder, Gary Comb (2.3%) and Geoffrey Coultas (1.86%).
How do I buy APC stock?
Stake offers a quick and easy way to purchase APC shares – along with 2,000+ other Australian stocks and ASX ETFs – for a brokerage fee of only A$3.
Stake is a CHESS sponsored investing platform, meaning that when you buy ASX shares, you get a HIN (Holder Identification Number) and stocks are held in your name.
With Stake, you can be in the market in under 5 minutes, whether it's the ASX or Wall St. If you’re interested in building your portfolio by adding APC, sign up today.
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Open an accountAPC FAQs
- Find the right investing platform for you. To buy APC shares in Australia, you’ll need to open an account with an investing platform that offers the security. Try Stake, you can sign up in minutes.
- Fund your brokerage account. Once you are set up you can deposit into your account with different payment methods.
- Search for APC or Australian Potash Limited. Find the stock by using the search function and go to the APC page.
- Place an order to buy APC. Press the ‘Buy’ button and choose an order type to place your trade. Depending on the order type, the trade will go through straight away or when a price target is hit.
- Monitor your portfolio. You’ve now purchased some APC shares. Stay on top of your portfolio and monitor its performance. You may be eligible for dividends and shareholder voting rights that affect your stock.
This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.
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