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 Shares Traded Last Trade
  0.00 0.0% 0.825 194,204 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.80 0.85 0.825 0.825 0.825
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -3.15 -0.27 20
Last Trade Time Trade Type Trade Size Trade Price Currency
14:46:46 O 365 0.817 GBX

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Date Time Title Posts
05/1/202115:59(KP2) Miner Kore Potash is promising success for investors in Africa51
19/10/202007:27Kore Potash PLC930

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Kore Potash Daily Update: Kore Potash Plc is listed in the Mining sector of the London Stock Exchange with ticker KP2. The last closing price for Kore Potash was 0.83p.
Kore Potash Plc has a 4 week average price of 0.78p and a 12 week average price of 0.48p.
The 1 year high share price is 1.43p while the 1 year low share price is currently 0.48p.
There are currently 2,451,768,173 shares in issue and the average daily traded volume is 1,254,635 shares. The market capitalisation of Kore Potash Plc is £20,227,087.43.
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
nash81: whats the story here? i thought news only due in Feb? KP2 and IIP catching my eyes
bigjames2: Seems to be quite a bit of movement in Kore. Volume and Price. All in the right direction, up. Seems the market is happy with some of the aspects Dougou Drilling to prove the Solution mining option seems on track. Potash Shortages Long Term outlook for potash Seems much still to offer
barnetpeter: Another huge placing and dilution of 7 million plus ...and it will only last a year. Now at the bargain price of just 65. They seem to be doing placings every couple of months. I fell for this and put some more money in at 80 and 110. Just seem to raise money and do “studies”;...that’s it.
trad3m3: From RNS, They know where the price of potash is heading... I guess all miners do.Real ungeared post tax IRR of approximately 22.9% and NPV10 (real) of approximately US$319 million on an attributable basis at life-of-mine average MoP price for granular product of US$422/t MoP (Argus Media's price forecast for DX Project's target markets)
trad3m3: Prices were essentially driven up by an imbalance between supply and rapidly expanding demand, especially in Asia, Gregory explains. Fertilizer demand reached a level that supply could not match. Demand was particularly strong in China and India. Another factor was increased demand for fertilizers to produce biofuels in the United States, Brazil, and Europe. Increased livestock production created still more demand for grain and thus for fertilizers. Grain reserves became historically low and prices rose sharply.Further worsening the situation were China's imposition of high tariffs on fertilizer exports and the devaluation of the U.S. dollar in 2007 and 2008. Energy prices peaked, causing an increase in the price of natural gas--essential for nitrogen fertilizer production. Phosphate prices were also driven up by a huge increase in demand and prices for sulfur, vital for production of the popular DAP and other high-analysis phosphate fertilizers. The supply of quality phosphate rock also became tight. look what is happening in China now!
trad3m3: Elevated food prices are just one of many new challenges China needs to face in the wake of the coronavirus outbreak.Food prices rose 11.1% in June from a year ago, according to the National Bureau of Statistics. Weekly data from the Ministry of Commerce showed prices of agricultural food products rose 1.2% in the week ended July 5 from a week ago. Prices rose another 0.8% in the week through Sunday, according to Commerce Ministry data released Tuesday.The price increase is actually pretty real and it's mainly driven by the decrease from the supply side and increase of the demand side," she said in a phone interview on Monday. "Actually, this trend is most likely to continue as we see a lot of other natural disasters such as the flood in the south of China, which is having a lot of impact to the raw material. This is going to reflect (in) the market very soon.
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.
trad3m3: The year started with MOP selling for US$215 per metric ton, and its price remained unchanged until mid-February, when it began a steady upward movement. By March, MOP was valued at US$245, and in April the price hit US$265.50, where it has remained.This growth in MOP prices has created optimism about pricing in 2020, when demand for fertilizers is expected to increase globally...
mickluv1: Explained: Price Monitoring ExtensionsFor anyone trading in smaller cap companies, price monitoring extensions can be an extremely common occurrence. But what are they? Why do they occur? And are they good or bad? Find out the answers to these questions and more with this article on price monitoring extensions. What is the role of an auction?Any discussion on price monitoring extensions must firstly begin by covering auctions. Auctions are small intervals during the regular trading day where the electronic order book is effectively frozen. During this time, orders are collected from the market – known as the Call Period – and the matching algorithm considers the orders that have been entered and calculates the price that the maximum amount of shares can be executed. The intention is to find the most popular and reliable price for a security.At the end of this Call Period, orders that can be matched are executed in an event referred to as the uncrossing, which takes place within a randomised 30 seconds of the end of the Call Period. However, should the auction fail to generate a reliable price, then a price monitoring extension is generated.What happens during a price monitoring extension?Should the preceding auction fail to generate a price within a predetermined percentage above or below the reference price, which is the price just before the stock went into the auction, then a price monitoring extension RNS is automatically released to the market, and the Call Period is extended by another 5 minutes. This extra 5 minutes provides participants the chance to review the prices of the orders that have been entered and if appropriate add, delete or amend.Should this additional period still fail to generate a reliable price, then a second price monitoring extension is released to the market, and the Call Period is extended by another 5 minutes. On this occasion, should the additional period also fail to generate a price within tolerance levels, then this price will be taken forward and the orders that can be matched will be executed in the uncrossing.Why might the auction fail to generate an acceptable price?One reason might be that the share has such a wide spread during that day of trading that the bid and ask price are far away from the mid-price. Given that the majority of AIM companies trade on the SETSqx trading system, where there is no maximum spread requirements, this will likely be the problem in a lot of instances.Another reason for a price monitoring extension could be the release of news that has a sudden and significant impact on the price that investors are willing to pay for the company's shares.When do price monitoring extensions occur?Price monitoring extensions occur off of the back of an auction, which take place at different times during the trading day depending on the platform the security is traded on. Therefore, as all AIM-listed companies are traded on either the SETS or SETSqx trading system, price monitoring extensions on the AIM market can occur at the following uncrossing times:§ 08:00 (Opening Auction; SETS)§ 09:00 (First Intra-Day Auction; SETSqx)§ 11:00 (Second Intra-Day Auction; SETSqx)§ 12:02 (Intra-day Auction; SETS)§ 14:00 (Third Intra-Day Auction; SETSqx)§ 16:35 (Closing Auction; SETS & SETSqx)It is important to point out that price monitoring also takes place during regular trading. Here, again, should a potential execution be more than a defined percentage above or below the reference prices, then no executions at that price will occur and an auction will be triggered instead. The point of this auction is to allow the security's price to reform in an orderly fashion and then be returned to regular trading.When it comes to regular trading, the thresholds differ slightly, taking into considering two different prices: the dynamic reference price, and the static reference price. The dynamic reference price refers to the last order book execution price (or previous closing price if more recent) prior to the submission of the incoming order. The static reference price refers to the most recent auction price from the current day. However, where that auction failed to generate an execution, the next automated trade that follows the auction is adopted instead.This price monitoring functionality during regular trading is thought to protect against large trade-to-trade price movements resulting from trading in thin order books, or through the execution of orders with incorrect details (fat fingers).What are the degrees of tolerance?The thresholds applicable are managed from a business perspective at trading sector level. Generally, though, more liquid securities have lower thresholds and less liquid securities have higher thresholds.Reflecting this, AIM SETS securities typically have a 5% threshold on auctions, whereas AIM SETSqx securities have a 10% threshold. In terms of regular trading, AIM SETSqx securities maintain thresholds used during auctions, whilst SETS securities see their dynamic and static price monitoring thresholds typically increase to 10%.The most current thresholds for all trading services are set out in the Millennium Exchange Business Parameters document.What is the purpose of a price monitoring extension?As already discussed, the extension draws attention to a potential price movement. By doing so, this allows participants to review the prices of the orders that they have entered and if appropriate add, delete or amend.The extension also indicates to investors that there may be the potential of getting a good deal for the security in question, thereby encouraging their involvement and so stabilising the price through the inputting of acceptable orders.Ultimately, though, the point of the extension is to ensure any resulting price is a fair reflection of the security.Are price monitoring extensions good or bad?Price monitoring extensions can be alarming if you're not expecting one, or you know it's a precursor to a drop in share price. Nevertheless, they are there to help remove volatility from the market by slowing down trading and encouraging the market to reach a more considered price rather than moving around on individual trades. Considering the lower levels of liquidity on AIM, price monitoring extensions can be considered, then, an important mechanism to safeguard investors.
Kore Potash share price data is direct from the London Stock Exchange
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