Kore Potash Share Discussion Threads

[richie32] 17/5/2022 15:19

There we go. Hopefully more upside coming

[allinforabigprofit] 17/5/2022 12:59

For a stock so near to huge news the market is not giving this away? The responses most be very detailed along with all the additional expected news? Still sitting on the side lines with this one.

[mdchand] 03/5/2022 16:40

Very keen to see the financial side of KP2 - based on current potash prices - as they should be utterly bonkers on the upside, especially if the finance is paid by royalty income solely.

[bigjames2] 03/5/2022 13:40

Within two months, makes it the end of May?

I believe that is still on track. I guess we are all looking forward to these reports coming out.

[mdchand] 03/5/2022 11:06

Its now May and we know from previous RNS's that the following announcements should take place before the month end:-

- Kore to release its own detailed review of the Optimisation Study

- Consortium to submit an EPC proposal within the next 2 months (based on RNS issued 1/4/22)

- Consortium to submit financing for the construction of Kola which should be delivered at the same time as the EPC

- Possible updates regarding separate offtakes / partnership agreements outside the Consortium

[allinforabigprofit] 26/4/2022 11:29

Yeah, but it's got Chinese in on this. Dodgy & bigger dodgy with big money. So, there should at least be 3-4 pence in this? Seen what the Chinese get up to within Africa? Very dodgy, there are thousands of Chinese working illegal mines & pits all over the place. A well organised group of dodginess with big money should be a problem?

[bob1995] 25/4/2022 21:10

what country does Emmerson work in and what country does KP2. that's the reason KP2 is dodgy as hell

[buggy] 25/4/2022 18:02

Believe the rise is due to a tip from This is Money, for Emmerson PLC.
If 'This is Money' thinks that Emmerson is a good buy then KORE must be a great BUY.
KORE has more mineral resource, better resource grading; more advanced project and better project economics. Some people have just put 2 and 2 together and realised that they should put the money into KORE rather than Emmerson PLC or maybe take a stake in both.

MIDAS SHARE TIPS UPDATE: Potash that's NOT from Russia

[richie32] 25/4/2022 16:28

Nice rise in falling market!

[buggy] 22/4/2022 17:52

Source,
You really expect them to read and analyse a technical report that took the best part of 1 year to prepare in a day or two?

Not only to read, analyse the implications and agree to all its facets, but also to redact the essentials in an RNS-able format for communication to the the listing authorities.

I myself thought they are doing pretty well if they think that it will only take them several weeks to get this done. It is not a novel they are reading at least i hope they did not treat it as a novel as each area including recommendations for re-design of the processing pant will have financial implications which needs to be validated and agreed upon as the best solution by the management.

[source] 22/4/2022 14:55

'..... Some #ammonia benchmarks plunged as demand was hard to find. #Phosphates prices declined, again due to an absence of appetite as the market awaited confirmation of subsidies in India. Some #sulphur and #sulphuric acid prices advanced...'

[richie32] 22/4/2022 10:20

I think we are waiting for the Summit Consortium to catch up

[source] 22/4/2022 09:05

More delays it seems...lack of urgency by management is disappointing & there's no guarantee interest & high fertiliser prices won't be this high forever...How long does it take to read and review their report?

[rhysevs] 19/4/2022 14:17

Some nice large buys today. Still pice target for me 10p although others have it a lot higher

[bigjames2] 04/4/2022 11:15

DRY
Date Range DAP MAP POTASH UREA
Mar 22-26 2021 616 696 428 499
Apr 19-23 2021 627 703 432 510
May 17-21 2021 642 708 440 521
Jun 14-18 2021 661 719 454 531
Jul 12-16 2021 693 730 501 550
Aug 9-13 2021 695 755 563 555
Sep 6-10 2021 699 757 575 558
Oct 4-8 2021 736 829 675 653
Nov 1-5 2021 814 900 750 820
Nov 29-Dec 3 2021 836 918 777 873
Dec 27-31 2021 864 931 809 911
Jan 24-28 2022 877 936 814 910
Feb 21-25 2022 874 934 815 885
Mar 21-25 2022 1014 1018 850 976

[mdchand] 02/4/2022 13:30

book5 - why assume they received it yesterday? They could have received it after hours. That's ignoring the bigger picture. Just look at the fundamentals and the share price will take care of itself.

[book5] 01/4/2022 14:10

why did KP2 not issue today rns yesterday?
the company is creating unnecessary volatility, speaks poorly of KP2 management
reason may be be someone wanted to take some cheap shares,

[mdchand] 01/4/2022 11:28

Further reminder of the economics

'This DFS was completed in December 2018 and, at an estimated US$102/t CFR granular potash, it would represent one of the lowest cost MOP global producers.'

Current MOP prices



Difference approx $900 per tonne.

[mdchand] 01/4/2022 10:30

As a reminder

Summit Consortium

Summit is an African strategic advisory, corporate finance and alternative investment group headquartered in Mauritius who in 2016 led and arranged the US$50 million financing of the Definitive Feasibility Study ("DFS") for Kola. As part of that financing, both the Oman Investment Authority (then called the State General Reserve Fund ("SGRF")) and Sociedad Quimica y Minera de Chile("SQM") each invested US$20 million.

Summit's role in the MoU is to again be the lead arranger and to advise the Company concerning the most optimal financing solution that would see the delivery of the Kola Project.

As described in the MoU, the Summit Consortium includes:

-- BRP Global, headquartered in Abu Dhabi, who would provide royalty financing in conjunction with product offtake;

-- SEPCO, an international engineering and construction group headquartered in Jinan and with offices in Dubai and a wholly owned subsidiary of Power Construction Corporation of China (POWER CHINA). SEPCO will be the Engineering Procurement and Construction ("EPC") contractor for Kola within the Summit Consortium. SEPCO has significant construction experience globally across a range of industries, including power, oil and gas chemical, energy-reduction and environmental protection and infrastructure projects. SEPCO has completed major construction projects in 25 countries, including completion of 44 EPC contracts in 11 countries and have completed 7 projects in Africa, and who in addition to its construction capability, will assist in arranging the debt financing for Kola; and

-- China ENFI Engineering Corporation ("ENFI"), subcontracted by SEPCO and headquartered in Beijing, is a significant engineering group with specific mining, processing, and potash experience. ENFI is a mining technology leader in China and has provided technical services for the design and construction of more than 400 mining operations around the world. ENFI's potash specific experience includes design and construction of an underground potash mine in south east Asia.

[thecashmoney] 01/4/2022 09:59

Boom finance to be delivered with EPC .

1bbillion cash injection at 50 m cap .

Multi bagger coming here

[mdchand] 01/4/2022 09:49

Key takes from the RNS as follows:-

Delivered on time. Shows intent / motivation of the consortium to get this project moving.

EPC Proposals due within 2 months (and possibly sooner now) so another key RNS due in May / June

Consortium expects to provide financial terms as per the Optimisation / EPC reports - again another huge key consideration

The rises seen in the last few days are immaterial compared to the LT potential of this share, and what this RNS shows is that all parties remain committed to conclude a deal as quickly as possible.

IMO best possible outcome at this stage.

[book5] 31/3/2022 11:21

Market dont like the rns
Why? Have the project studies been delayed?
Gla

[mdchand] 30/3/2022 14:23

And, as can be seen here, that imbalance has seen a substantial rise in MOP in the last few months. Note the price below is at end of Feb 22.

[mdchand] 30/3/2022 14:17

With Belarus / Russia accounting for 40% of the world's potash supply, the world has a big shortfall in supply versus demand now. I can see strategic M&A activity in this sector massively accelerating as countries / sovereign funds look to secure supply. KP2 has one of the largest lowest cost reserves in the world, so I would be amazed if this doesn't get taken out before it even reaches full production.