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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kore Potash Plc | LSE:KP2 | London | Ordinary Share | GB00BYP2QJ94 | ORD USD0.001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.525 | 0.50 | 0.55 | 0.525 | 0.525 | 0.525 | 903,523 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMKP2
RNS Number : 4542O
Kore Potash PLC
31 January 2019
30 January 2019
Kore Potash Plc
("Kore Potash" or the "Company")
Appendix 5B - Cashflow Report for the Quarter Ended 31 December 2018
Kore Potash (AIM: KP2, ASX: KP2, JSE: KP2), the potash exploration and development company whose flagship asset is the Company's 97%-owned Sintoukola Potash Project ("Kola" or the "Project"), located within the Republic of Congo, today released the following announcement on the Australian Securities Exchange ("ASX"), as required under the listing rules of the ASX.
SFor further information, please visit www.korepotash.com or contact:
Hot Features
Premium
Kore Potash Tel: +27 11 469 9140
Brad Sampson - CEO
Tavistock Communications Tel: +44 (0) 20 7920 3150
Jos Simson
Edward Lee
Canaccord Genuity - Nomad and Tel: +44 (0) 20 7523 4600
Broker
Martin Davison
James Asensio
+Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16
Name of entity
----------------------------------------------------------------------------
KORE POTASH PLC
ARBN Quarter ended ("current quarter")
------------------------- -----------------------------------------------
621 843 614 31 DECEMBER 2018
-----------------------------------------------
Consolidated statement of cash Current quarter Year to date
flows $US'000
(12 months)
$US'000
1. Cash flows from operating
activities
1.1 Receipts from customers - -
1.2 Payments for
(a) exploration and evaluation (3,431) (14,847)
(b) development - -
(c) production - -
(d) staff costs (655) (2,834)
(e) administration and corporate
costs (1,286) (5,433)
1.3 Dividends received (see note - -
3)
1.4 Interest received 26 69
1.5 Interest and other costs of - -
finance paid
1.6 Income taxes paid (42) (45)
1.7 Research and development refunds - -
1.8 Other (provide details if - -
material)
----------------------------- ---------------------------
Net cash from / (used in)
1.9 operating activities (5,388) (23,090)
------------------ ---------------------------------------------- ----------------------------- ---------------------------
2. Cash flows from investing
activities
2.1 Payments to acquire:
(a) property, plant and equipment (3) (8)
(b) tenements (see item 10) - -
(c) investments - -
(d) other non-current assets - -
2.2 Proceeds from the disposal
of:
(a) property, plant and equipment - -
(b) tenements (see item 10) - -
(c) investments - -
(d) other non-current assets - -
2.3 Cash flows from loans to - -
other entities
2.4 Dividends received (see note - -
3)
2.5 Other (provide details if - -
material)
----------------------------- ---------------------------
Net cash from / (used in)
2.6 investing activities (3) (8)
-------------------- -------------------------------------------- ----------------------------- ---------------------------
3. Cash flows from financing
activities
3.1 Proceeds from issues of shares - 12,895
3.2 Proceeds from issue of
convertible
notes - 250
3.3 Proceeds from exercise of
share options - -
3.4 Transaction costs related
to issues of shares,
convertible
notes or options - -
3.5 Proceeds from borrowings - -
3.6 Repayment of borrowings - -
3.7 Transaction costs related
to loans and borrowings - -
3.8 Dividends paid - -
3.9 Other (provide details if
material) - -
----------------------------- ---------------------------
Net cash from / (used in)
3.10 financing activities - 13,145
-------------------- -------------------------------------------- ----------------------------- ---------------------------
4. Net increase / (decrease)
in cash and cash equivalents
for the period
Cash and cash equivalents
4.1 at beginning of period 11,667 16,455
4.2 Net cash from / (used in) (5,388) (23,090)
operating activities (item
1.9 above)
4.3 Net cash from / (used in) (3) (8)
investing activities (item
2.6 above)
4.4 Net cash from / (used in) - 13,145
financing activities (item
3.10 above)
4.5 Effect of movement in exchange (89) (315)
rates on cash held
----------------------------- ---------------------------
Cash and cash equivalents
4.6 at end of period 6,187 6,187
-------------------- -------------------------------------------- ----------------------------- ---------------------------
5. Reconciliation of cash Current quarter Previous quarter
and $US'000 $US'000
cash equivalents
at the end of the
quarter
(as shown in the
consolidated
statement of cash
flows) to
the related items in
the accounts
5.1 Bank balances 6,187 11,667
5.2 Call deposits - -
5.3 Bank overdrafts - -
5.4 Other (provide - -
details)
----------------------------- ------------------------------
Cash and cash
equivalents
at end of quarter
(should
5.5 equal item 4.6 above) 6,187 11,667
----------------- ------------------------------------ ----------------------------- ------------------------------
6. Payments to directors of the entity and Current quarter
their associates $US'000
Aggregate amount of payments to these parties
6.1 included in item 1.2 255
-----------------------------
6.2 Aggregate amount of cash flow from loans -
to these parties included in item 2.3
-----------------------------
6.3 Include below any explanation necessary to understand
the transactions included in items 6.1 and 6.2
------------------ -------------------------------------------------------------------------------------------
All transactions included in item 6.1 are for payment of directors
fees.
7. Payments to related entities of the entity Current quarter
and their associates $US'000
7.1 Aggregate amount of payments to these parties -
included in item 1.2
-----------------------------
7.2 Aggregate amount of cash flow from loans -
to these parties included in item 2.3
-----------------------------
7.3 Include below any explanation necessary to understand
the transactions included in items 7.1 and 7.2
----------------- ------------------------------------------------------------------------------------------
8. Financing facilities Total facility Amount drawn
available amount at quarter at quarter end
Add notes as end $US'000
necessary for $US'000
an understanding of
the position
8.1 Loan facilities - -
-------------------------------- -----------------------------
8.2 Credit standby - -
arrangements
-------------------------------- -----------------------------
8.3 Other (please - -
specify)
-------------------------------- -----------------------------
8.4 Include below a description of each facility above, including
the lender, interest rate and whether it is secured or
unsecured. If any additional facilities have been entered
into or are proposed to be entered into after quarter
end, include details of those facilities as well.
----------------- ---------------------------------------------------------------------------------------------------
9. Estimated cash outflows for next $US'000
quarter
9.1 Exploration and evaluation 1,981
9.2 Development -
9.3 Production -
9.4 Staff costs 764
9.5 Administration and corporate costs 940
9.6 Other (provide details if material) -
---------------------
9.7 Total estimated cash outflows 3,685
----------------- ------------------------------------------------- ---------------------
10. Changes in Tenement Nature Interest Interest
tenements reference of at at end
(items 2.1(b) and interest beginning of
and 2.2(b) location of quarter
above) quarter
10.1 Interests in - - - -
mining
tenements
and petroleum
tenements
lapsed,
relinquished
or reduced
------------------ --------------------------- ----------------------- ---------------------- ----------------------- ----------------------
10.2 Interests in - - - -
mining
tenements
and petroleum
tenements
acquired
or increased
------------------ --------------------------- ----------------------- ---------------------- ----------------------- ----------------------
Compliance statement
1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2 This statement gives a true and fair view of the matters disclosed.
Sign here: ........(signed electronically) ........................... Date: 30 January 2019
Joint Company Secretary
Print name: Henko Vos.
Notes
1. The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCCKCDNABKDBDB
(END) Dow Jones Newswires
January 31, 2019 04:00 ET (09:00 GMT)
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