We generally don't recommend businesses with market capitalisations of less than $100m, because their lack of liquidity may make it hard for all our members to get a fair crack at buying them. It's an arbitrary cut-off, but it’s in place to guard against illiquidity and irrelevance. There are a handful of stocks, however, that fall beneath this threshold but sneak into the ASX300, gaining our attention.
First on that list is potash hopeful South Boulder. This little business was a surprise, boasting the shallowest potash resource in the world. Trouble is, that resource is in Eritrea, an improving but still not ideal place to mine.