Kore Potash Share Discussion Threads

[gb904150] 19/10/2022 11:32

That's not an encouraging update. Or do we think it's just the MoM way of geeing things up and signalling frustration at the wait?



Kore Potash (AIM: KP2, ASX: KP2, JSE:KP2), the potash development company with 97%-ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located in the Republic of Congo ("RoC"), advises that its local subsidiary company received a letter dated 12 October 2022 from the Minister of Mines of the RoC (the "Minister") expressing his discontent with aspects of the administration of the Company's subsidiary companies in the RoC and the apparent lack of progress that Kore Potash and the Summit Consortium are making towards the financing of the Kola Project ("Kola").

The letter was received following the arrest and subsequent release without charge of two senior employees of the Company by the Congolese police. Neither the employees nor the Company have been informed of the reason for the arrests.

The letter generally reserves the Government's right to take measures in accordance with its existing agreements and the Mining Code of the RoC, failing a response from the Company within 30 days.

[allinforabigprofit] 10/10/2022 13:55

Xmas present? All read well. Just a few niggles and good to go.The share price eventual give away the outcome.

[livewireplus] 10/10/2022 11:51

Indeed .... the glass still half full :-)

[mdchand] 10/10/2022 11:36

Good news - Sepco have finally delivered the EPC subject to ongoing negotiations.

Bad news - we have no idea whether the 'points of discussion' are material or simply clarification issues.

Worth noting the restatement of financing if / once the EPC is agreed.

[allinforabigprofit] 13/9/2022 11:33

We had news. And we await more news. Nought more factual than that.

[zxie] 10/8/2022 08:18

INSP shares jump soon

[bigjames2] 20/7/2022 11:16

Following Potash and Potash Stocks over the years has been quite a journey. Having followed Kore Potash from the early days of Elemental, through the ups and downs of potash, demand, supply, and cost per ton has been interesting and intriguing to say the least.

Kola is a massive resource and it was a matter of time before they had the opportunity to finalize the project.
Not as quick as some would have liked, but perhaps the adage, “Good things come to those who wait” is true

Kore's time to step up to the plate is now. The below article substantiates Kore's position as both a global and significant contributor to the market

An interesting article on BHP and Jansen proves the value of Kore Potash.


Cecilia Jamasmie | July 19, 2022 | 5:08 am News Top Companies Australia Canada Potash

BHP (ASX: BHP) is seeking to accelerate construction at its $5.7 billion Jansen potash project in Canada as high gas prices and sanctions on key exporters continue to disrupt global supplies of fertilizers. The world’s largest miner had originally planned to kick off production at Jansen in 2027. Market conditions, however, have prompted it to attempt bringing forward Stage 1 first production into 2026, which is expected to yield 4.35 million tonnes of potash per year. The company also said that is evaluating options to accelerate Stage 2, which would add an additional 4 million tonnes per year, at a capital intensity of between $800 and $900 per tonne, almost 30% lower than expected for Stage 1.“BHP is trying to accelerate first tonnes at Jansen, but it still seems the best case is first tonnes come late 2026 with a two-year ramp,” BMO Fertilizers and Chemicals analyst, Joel Jackson, wrote in May.

[allinforabigprofit] 18/7/2022 18:14

Does appear to be moving forward. Not long include if there be a month's delay to attain if all parties be truthful?

[livewireplus] 18/7/2022 08:02

RNS out for the Review of Ops for the Quarter ended 30 June 2022

[bandflex] 28/6/2022 16:25

hxxp://www.alignresearch.co.uk/kore-potash/kore-potash-signs-deal-for-the-construction-of-flagship-kola-potash-project/

Dr. Michael Green of Align on the latest RNS contained this juicy comment-

"This looks to us to be the makings of an amazing deal as from the outset it has been made clear that all the financing negotiations have been based on the understanding that Kore will be fully funded for the construction of the project and suffer no dilution."

You can never know for sure until the finance is arranged but no dilution would be fantastic.

11.2p would be a value of around £380m based on shares in issue.

[allinforabigprofit] 28/6/2022 10:11

Does all appear if good to go?

[book5] 28/6/2022 07:45

Good rns
It should fly today
40 months construction program, massive project
It seems they are in a hurry to build it which is good

[mdchand] 27/6/2022 16:20

Worth posting this. Current potash price is circa $850. Assuming $600 pt price and the EBITDA is stil
circa £1bn pa. Slight disconnect between this and the current share price

Potash Price NPV(10%) IRR % Average Annual
US$/tonne real EBITDA
(US$ million) (US$ million)

--------------- ------ ---------------
360 1 623 19.6% 545
--------------- ------ ---------------
400 2 106 22.0% 628
--------------- ------ ---------------
500 3 314 27.6% 837
--------------- ------ ---------------
600 4 522 32.7% 1 046
--------------- ------ ---------------
700 5 730 37.2% 1 255
--------------- ------ ---------------
800 6 938 41.4% 1 464
--------------- ------ ---------------
900 8 146 45.3% 1 673
--------------- ------ ---------------
1000 9 354 49.0% 1 882
--------------- ------ ---------------

[bandflex] 27/6/2022 14:18

It's an old note from May'21.

[bandflex] 27/6/2022 14:14

RISK WARNING & DISCLAIMER
Kore Potash (KP2) is a research client of Align Research. Align Research own shares in KP2. Full details of our Company & Personal Account Dealing Policy can be found on our website hxxp://www.alignresearch.co.uk/legal/

[bandflex] 27/6/2022 14:13

hxxps://www.alignresearch.co.uk/cpt-company/kore-potash/

Risked NPV suggests potential upside of over 900%
Our conservative valuation shows that Kore is highly undervalued. We initiate coverage with a conservative target price of 11.22p and Conviction Buy stance.

[mdchand] 27/6/2022 11:18

A lot to digest but important bits are NPV values based on Potash prices and update on financing.

[richie32] 24/6/2022 16:33

Agree, its a sleeping giant

[rhysevs] 24/6/2022 15:34

And another. So so under the radar. Multi bagger coming up very soon

[rhysevs] 24/6/2022 15:11

Another large buy just gone through. Could be a leak ?

[fillipe] 25/5/2022 09:47

KP2 seeing some interest today - no wonder, what with the world food production situation seemingly worsening by the day.

f

[buggy] 24/5/2022 18:51

Background Information for research:

[allinforabigprofit] 24/5/2022 13:52

The spread on the share price was rather large least now it is closing. If kept this way only encourage more buyers.Vital that the board communicate end of month to keep some momentum going.