Kropz Share Discussion Threads

[1madmarky] 06/2/2022 09:56

hxxps://www.theglobaleconomy.com/world/phosphate_rock_prices/

Looks like 173.1 for Jan 2022.
Hopefully they can meet their production cost prediction of around $80.

[keya5000] 21/1/2022 08:40

hxxps://t.me/+fYMc7jRRc-82YzJk
Telegram Chat Group For KRPZ

[the count of monte_cristo] 13/1/2022 15:12

Seems possible.

[1madmarky] 13/1/2022 14:05

Did a little googling... Dec phosphate 176.7. I might be missing reading it but bought a few more none the less :-)

[1madmarky] 13/1/2022 13:26

So little volume required.... :-)
Bodes well for when we actually start producing

[the count of monte_cristo] 13/1/2022 11:47

Interest in the stock coming in.

[the count of monte_cristo] 10/1/2022 11:10

HMI really starting to move now on increased sales. KRPZ need to get selling the product.

[the count of monte_cristo] 10/1/2022 03:10

Phosphates
The phosphates sector remains quiet, with India the only buyer of note and the Chinese export ban ongoing.

North America is expected to resume imports once the worst of the winter is over - hopefully in the next month. The key question for all phosphates players is when China will resume exports - Q1 is traditionally the quietest quarter for Chinese exports, so their absence for Q1 will unlikely cause big price increases but in Q2, Chinese exports will be missed if the export ban remains in place.

The quarterly price negotiations for phos acid between the Indians and Moroccans is at a stalemate, with the Moroccans pushing for higher prices of close to $1,500/t and the Indians insisting that phos acid is already unaffordable at Q4 2021 prices. It is likely that the Q4 prices will thus roll over for Q1 2022 and thus remain unchanged.

For the period January to November 2021, South Africa imported over 300,000 tons of MAP (and probably includes a bit of DAP too) which is a 30% increase on the same period in 2020. This increase is likely due to Foskor’s inability to produce sufficient volumes for the local market and maybe also some market growth for phosphates.

Local MAP prices have remained constant over the past month - with urea (nitrogen) prices dropping by around 9-10%, the cost of a unit of phosphate in MAP has effectively increased. Our expectation is that phosphate prices will remain flat until there is an update on the Chinese export situation.

[the count of monte_cristo] 05/1/2022 11:10

Interesting....I wonder what the phosphate price for December will be.

[1madmarky] 05/1/2022 08:53

Yesterday trade
04-Jan-22 17:09:56 5.25 350,000 Unknown* 18.38k

Soaked up all the loose shares. Certainly a vote of confidence

[the count of monte_cristo] 05/1/2022 08:38

I would imagine it's buying

[1madmarky] 05/1/2022 08:23

Creeping up! Or just MMs playing with the spread?

[the count of monte_cristo] 05/1/2022 08:17

Sure, but this was double the market cap 2 years ago when the phosphate price was much lower and they were years away from production.

[igbertsponk] 04/1/2022 16:57

Looked at these but think that the major shareholder is too in control over price at which equity (still some needed) is raised. Will keep an eye on it.

[1madmarky] 04/1/2022 13:07

They still need to prove that they can actually produce phosphate etc. The reagent they are/were waiting for should have got there by now... fingers crossed. The port closure was due to a power failure and was resolved. So things should be getting back to normal.

[the count of monte_cristo] 04/1/2022 12:21

Cheap at these prices

[the count of monte_cristo] 27/12/2021 09:12

Be nice to see a run up to 12p + in Jan/Feb 2022.

[1madmarky] 24/12/2021 12:35

Oo! Looks like some early Christmas money coming our way!

Merry Christmas

[1madmarky] 23/12/2021 14:55

Tis a buy and hold stock.. unless the story changes

[the count of monte_cristo] 23/12/2021 10:01

Surprise to see the share price fall, perhaps impatient holders selling. Only takes a few buys or sells to move this share.

[1madmarky] 23/12/2021 08:41

"First phosphate rock ore exports from Elandsfontein are expected in Q1 2022."
Assuming the reagents arrive in a timely manner. With phosphate prices where they are they should be very comfortable

[1madmarky] 23/12/2021 04:50

Well, as long we emerge at some point

[the count of monte_cristo] 23/12/2021 01:03

So under the radar