In the wake of Kalium Lakes' 2Q report, Morgans feels the risk pertaining to the near-term commissioning of the Beyondie Sulphate of Potash project has lifted. Further detail on the outcome of the company's technical review is awaited.

In the meantime, the broker maintains its Speculative Buy though lowers its target price to $0.15 from $0.25.

Given a delayed startup, investors are advised a potential buying opportunity may arise from a capital raise just prior to the results of the technical review.

Sector: Materials.

Target price is $0.15.Current Price is $0.11. Difference: $0.04 - (brackets indicate current price is over target). If KLL meets the Morgans target it will return approximately 27% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2022 Acquisdata Pty Ltd., source FN Arena