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KP2 Kore Potash Plc

1.70
-0.45 (-20.93%)
31 May 2024 - Closed
Delayed by 15 minutes
Kore Potash Investors - KP2

Kore Potash Investors - KP2

Share Name Share Symbol Market Stock Type
Kore Potash Plc KP2 London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.45 -20.93% 1.70 16:11:03
Open Price Low Price High Price Close Price Previous Close
2.10 1.70 2.10 1.70 2.15
more quote information »
Industry Sector
MINING

Top Investor Posts

Top Posts
Posted at 24/3/2022 15:37 by rhysevs
#kp2 Investors were silly selling at 0.80p and now at 1.48p. They will also regret selling at 2p 3p 4p 5p etc etc.
Posted at 24/3/2022 15:36 by rhysevs
#kp2 The amount of shares in free float is CRAZY LOW and we are so so under the radar it's as if we are on another planet. Once investors cotton on to where share price is heading WILL GO NUTS
Posted at 21/6/2021 12:08 by bigjames2
hxxps://www.smallcaps.com.au/bhp-move-forward-controversial-jansen-potash-project/

For miners looking to add a green tinge to their portfolios of metals and mines, fertilizer has many attractions. One is diversification. Historically potash and other crop nutrients have a low or negative correlation with the price of other commodities such as iron ore and copper. But more important is the long-term outlook. In order to feed a growing global population from limited arable land, crop yields will have to rise. While new farming practices and seed technology will help increase food production, fertilizers will also play a critical role. Scotiabank forecasts that the 70m-tonne-a-year potash market will grow at about 2m tonnes a year between 2022 and 2030.“We think the long-term demand and supply fundamentals for potash are attractive,” BHP chief executive Mike Henry told investors at a recent mining summit.

The mining giant expects potash demand to increase by 15 million tonnes to roughly 105 million tonnes by 2040 or 1.5% to 3% a year, along with the global population and pressure to improve farming yields given limited land supply.
Posted at 13/5/2021 09:42 by bigjames2
The upside on this project is huge. It is more than likely difficult for Retail Shareholders as they look at quicker returns than some of the Institutional Investors.

However, buying at the current level is a good play for the investor looking at the longer term.

Food security is a significant part of future developments. We have seen new contracts at much improved prices.
Posted at 09/4/2021 09:21 by bigjames2
Considering that the initial Capital Raising was for $11million and closed at $12.5million, the amount of interest in the project is significant. Oversubscribed!!

Along with that, how quickly they raised the capital is also telling in terms of interest in the project.

The fact that Dave Stevens and David Hathorn have increased their investments is an absolute vote of confidence.

New institutional investors coming on board. Great news as they see the positives.

There is much hard work ahead. Being fully funded for this is very positive.
Posted at 24/12/2020 07:06 by bigjames2
So much negativity. There are good things happening. Dougou for one could be in production as a low cost solution mine, the intent maybe being using the profits / revenue to build Kola. Not forgetting there could still be huge interest in an investor / consortium coming to the party to finance and build Kola.

The problem with this share, like many other potash opportunities and other commodities, cash is scarce.

Battery Minerals is all the flavor, however even they are finding capital raising a challenge.

The thing about Kore, is they are slowly, slowly getting there, without all the pomp and ceremony. I know this does not suit retail investors, but institutional investors seem to have a better grasp
Posted at 19/7/2020 15:53 by trad3m3
Two of the top brass at Kore Potash PLC (LON:K2P) have poured in their own money as part a £10.5mln (US$13.1mln) fundraising round.New and existing investors subscribed for a total of 646.9mln shares at a price of 1.6p per share.Among the participants was Kore's chairman, David Hathorn, who spent £315,000 buying 19.2mln shares, and chief executive Brad Sampson, who subscribed for 2.5mln shares, costing him just shy of £40,000.In a separate announcement, Kore confirmed CEO Sampson has been issued with 26.9mln share options, which can be exercised at a price of 2.2p.https://www.proactiveinvestors.co.uk/companies/news/224210/kore-potash-bosses-dip-into-their-own-pockets-as-part-of-us13mln-financing-224210.html
Posted at 07/8/2019 06:36 by aidenabettin
Plenty of warnings were given regarding the level of funding required here and not to touch the stock when it was being ramped to death by the usual gang. The project is way behind schedule and as always i was accused of being a "Troll and "Deramper".You know the names and which stocks to avoid when they appear .If UK investor show or Alright research are mentioned then the red flags are clear for all to see
Posted at 10/4/2019 07:09 by newtothisgame3
!FOLLOWFEED!YOUTUBEVIDEO:krlo_Rhe15Y:
Potash, a key fertiliser ingredient, has been a focus for retail investors ever since Sirius Minerals announced it was going to dig up the North York Moors to try to find the stuff.

Like most mining projects, costs have overrun and in September last year it said it needed a further $400 million to $600 million to complete the project.

So where else can investors look, given that the potash market has traditionally been controlled by just a handful of producers such as Russia’s Uralkali, Belaruskali in Belarus and Potash Corporation of Saskatchewan in Canada — the world’s largest producer
Posted at 01/11/2018 16:53 by jailbird
Ok doing further research now so apologies for repeat info https://www.sharesmagazine.co.uk/article/kore-potash-to-rival-sirius-minerals-with-world-class-mining-project?%2Farticle%2Fkore-potash-to-rival-sirius-minerals-with-world-class-mining-project=Dingyi failed with bid last time of $123m .. an interesting situation as they are also a holder Fans of British mining stock Sirius Minerals (SXX) may be interested in another potash company called Kore Potash (KP2:AIM) which has just listed on the UK stock market.Analysts reckon it has a world class project which is likely to have some of the lowest operating costs in the industry, implying scope to make healthy profit margins if potash prices hold up.Later this year Kore will have to raise a very large amount of money. Current estimates suggest its Kola project in the Republic of Congo will cost $1.8bn to build.Chief executive Sean Bennett believes one third of the money will have to be raised from investors, adding up to $600m (£427m). That's more than four and a half times its current market cap (£90.2m). The remaining $1.2bn will come from debt finance.'Our big investors know we have to raise a lot of money once our definitive feasibility study is out at the end of the second quarter or in the third quarter this year,' explains Bennett. 'They wouldn't have backed us if they weren't willing to help with the costs of the mine build.'Kore (when known as Elemental Minerals) received a $123m takeover offer from Asian investor Dingyi Group in 2013 but the deal fell through for technical reasons linked to red tape around a stock market listing in Hong Kong.Dingyi now owns 8.82% of Kore and is the fourth largest shareholder. Other big investors include SGRF (Oman's state general reserve fund) at 19.06%, Chile lithium producer SQM at 17.55%, and Harlequin Investments at 12.55%.Bennett says Kore will look to switch listings from AIM to London's Main Market when it raises money for the mine build, similar to the route followed by Sirius Minerals.He hopes to start construction next year and begin production in 2022, meaning it is just behind Sirius which is already building and eyeing a 2021 start-up for its potash project in Yorkshire.Kore has an advantageous position thanks to its ore body being relatively shallow compared to many potash mines at 190m to 340m deep. In comparison, Sirius is sinking a shaft to a depth of 1,500m.Kore will produce MOP which is the most common potassium source used in agriculture, accounting for approximately 95% of all potash fertilisers used worldwide. Sirius plans to produce polyhalite which has an unproven market.Kore is at a disadvantage to Sirius from a financing perspective. The latter has already raised its mine money and arguably operates in a lower risk geography from an investment perspective.The pair could soon be joined on the London stock market by another potash miner, Danakali. It has a joint venture in Eritrea on the Colluli project which could start production in 2020 via open pit mining. (DC)