Kore Potash Share Discussion Threads

[apfindley] 10/2/2024 23:00

More unrest In Congo this weekend.With militias running amok and whole towns fleeing for their lives, war looking likely.How will that leave Kore.

[livewireplus] 09/2/2024 07:08

RNS: Kore Potash PLC EPC Update

[mdchand] 18/1/2024 08:52

So, restatement of timelines today. Nothing new, but reassuring to know everything is on track.

31/1/24 Est final date of EPC offer
29/2/24 Est final date of EPC Signing
15/4/24 Est date of financial proposal (ie 6 weeks of EPC signing)

28/2/25 Final payment of $3m in 2 tranches to cover SEPCOs costs (admittedly not capped at $5m).

[nesnoor] 04/1/2024 10:26

A big month ahead here. Hopeful of good news from the chinese.

[t0rus] 31/10/2023 12:06

Plenty happening here today. Share price has adjusted down to the subscription price, Brad Sampson out and the Chairman making an investment of $750,000.

As per Kore the funds raised will be going towards the next payment of the costs of the technical work being done by SEPCO/Power China for the EPC of which Kore is obliged to cover up to $5 Million. From what I can see though, the company’s current cash position even after the fund raise is not enough to cover this.

Looking at this optimistically though, as per the 12th October RNS, Kore have up to 12 months from the date the EPC contract is signed to pay the remainder of this off. The summit consortium has advised that they will provide their financing proposal within 6 weeks of the EPC being signed so hopefully the share price will have risen on this before Kore need to raise funds again. This is purely speculation however.

[texaschaser] 07/10/2023 19:45

abysmal performance

[extrader] 20/6/2023 08:59

This might help the mood music



Gulf money moving in...

[extrader] 27/4/2023 13:06

No reaction to KRPZ 'news'....?
Hmmm...

[brut winky] 26/4/2023 09:28

Power China must be have more MOU than any other company, talk about keeping your options open is an understatement.

[allinforabigprofit] 17/2/2023 14:23

Chunky buy come in?

[allinforabigprofit] 11/11/2022 12:53

Response now announced. There is a positive side to this that the government want the project to go ahead. Rare in this day and age that such public opinion is positive. The company need to lay out a timetable reference the EPC, questions? That would help the share price

[mdchand] 09/11/2022 15:37

Rns due shortly re 30 day response. Some people taking speculative positions in advance of hopefully good news I guess.

[allinforabigprofit] 26/10/2022 21:55

That or Kore have reasonable discussion with Sweco, who agree to whatever does require discussion?That Kore back down and take what is offered? Or that Sweco, ignore Kore, and Kore become unable find another partner?One aspect of the story is certain, that a Minister wants the mine to start construction. Heard that before? Rare that any Government does express itself to be 100% committed to wanting private industry to get a move on. I was part inclined to wait for the big buys however, not seen these take place?

[bandflex] 26/10/2022 10:53

hxxps://korepotash.com/wp-content/uploads/2022/10/Appendix-5B.pdf

They spent $4.5m sitting on their backsides waiting for the EPC proposal.

[bandflex] 26/10/2022 10:50

All the Chinese have to do is run the clock down, Kore lose the licence, Chinese take full control, Minister of Mines gets a nice big bag of cash.

[bandflex] 26/10/2022 10:33

From todays RNS

The Company notes that it may transpire that SEPCO will require further SEPCO and Power China Board approvals prior to the finalisation of the contractual terms.

In other words nothing happening anytime soon.

[allinforabigprofit] 20/10/2022 11:16

Someone did post on LSE, a similar letter from the same minister. There was also a RNS, 2020, if you check you'll find.

[greenelf] 19/10/2022 16:45

This has nothing to do with 'progress'. Third world way of running a country and doing business. No cricket rules apply.

[allinforabigprofit] 19/10/2022 16:09

All rather primitive behaviour their is far more positive ways to communicate your eagerness?

[apfindley] 19/10/2022 13:01

Hmm that seems like bad news, souring of relations between a company and the government is never a good sign.

[mdchand] 19/10/2022 11:48

Trumped up arrest charges? Could be politically motivated opportunistic asset stripping or a pretext for doing it. I am very concerned about the arrest charges coming at the same time as this letter, which would suggest a degree of co-ordination which makes me rather twitchy. I also note the letter came after a meeting with the relevant Minister, so one can only assume the letter takes into account whatever information was relayed on the 10th Oct.

Happy to sit and watch for now as the downside risk in the ST seems far higher than the ST upside.