Australian Potash Ltd (ASX:APC) has appointed experienced governance specialist Stephen Buckley to the role of company secretary.
Buckley is a director of Governance Corporate Pty Ltd, a company that provides specialised governance and company secretarial services to ASX listed companies.
He also acts as company secretary for two other ASX listed entities.
Scott Nicholas will continue as APC's joint company secretary.
Solar-powered SOP project
On March 16 the company secured a SPECULATIVE BUY rating and a price target of A$0.30 from Canaccord Genuity analysts James Bullen and James Farr - the company’s share price today has been up to A$0.16.
The analysts based their valuation modelling off the back of a definitive feasibility study (released in August 2019) for the company’s 100%-owned, 150,000 tonnes per annum, Lake Wells Sulphate of Potash (SOP) Project in Western Australia, which is closing in on a final investment decision.
They said: “With sector tailwinds, compelling thematic, NAIF support confirmed and front-end-engineering-deign (FEED) expected to be completed in the coming weeks, the project has momentum leading into a targeted final investment decision late in the March quarter 2021.
“We initiate coverage with a SPECULATIVE BUY and a A$0.30 DCF-based price target.”