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KP2 - Kore Potash

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skegsi

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Just had a brief look at this small cap (9mill, 50mill shares)
I'm not suggesting buy this one now, but definitely put it on your watch list.
African gold and copper mainly. But their tenements are huge and very near to some already identified and mined resources.
They have a few star direcors (Greg Smith, Klaus Eckhof, Reg Gillard) who sound like they don't spend much time on this company because they have other bigger companies to worry about. About 3.5mill in the bank. They have identified some large anomolies already via soil sampling and if prove accurate could be very lucrative. Very speculative at this stage, but put them on your watchlist and wait to see if they run out of cash first or announce a massive resource estimate/s. I think some drill results are due early September.
 
Re: ELM - Elemental Minerals

why the uptrend? :rolleyes:

small.ewf.chart
 
Re: ELM - Elemental Minerals

0.24 now

great performance without any kind of news

I am out now.. next play LIN??? :rolleyes::rolleyes::rolleyes:

:D
 
Re: ELM - Elemental Minerals

March 08, 2010

Elemental Minerals Could Be Sitting On A Company-Making Potash Deposit In Congo-Brazzaville
By Charles Wyatt
www.minesite.com/aus.html

Before we get too deeply into the details of ASX-listed Elemental Minerals and its operations at the Sintoukola potash project in the Republic of Congo, one thing has to be made quite clear. The Republic of Congo is NOT the Democratic Republic of Congo (DRC). Chalk and cheese, or as Garry Thomas, a director of Elemental, puts it, “the same sort of difference as there is between North and South Korea.” Even North Americans, who tend not be too hot on the geography of Africa, will understand that one. For the purposes of this article, therefore, we will refer to it as Congo-Brazzaville, which is the name often used for this country in any case. It’s one of the most urbanized in Africa, as 70 per cent of its total population live in the south west of the country, either in between Brazzaville, the capital, or in the major port of Pointe-Noire, or else along the railway connecting the two. The tropical forest in the north of the country is virtually uninhabited, and the wide river Congo separates Brazzaville from the near-land locked DRC to the east.

Congo Brazzaville’s economy is based primarily on its petroleum sector, which is by far the country's major revenue earner. In fact it is the fifth largest oil producer in sub-Saharan Africa, and enjoyed a gross revenue from oil of around US$12 billion in 2008. And the success of multi-national oil and gas companies in Congo-Brazzaville has encouraged others to invest in the country. It has a western level of infrastructure, and the literacy rate is one of the highest in Africa. Its big neighbour has one of the lowest. President Sassou-Nguesso’s ambitious growth plans now call for new lead, zinc, and copper concessions and revitalization of the agricultural sector.

A country that knows where it is going, therefore, and one that already has experience in the potash business. Which is important, as that is where the future of Elemental Minerals lies. Last month a Canadian company, MagIndustries, received governmental, social and environmental approval to start construction of its US$1.2 billion Mengo potash project. This is being financed by the Chinese group COMPLANT. Initial design capacity is 600,000 tonnes of potash per year, and project’s the feasibility study claims that costs will be among the lowest in the world. Once operational, this mining project is expected to be the world’s first new entrant into the potash industry, as there’s little new supply forecast over the next five years.

The Sintoukola potash project, for which Elemental was awarded an exclusive licence in August last year, is also in the south west of the country and only 50 kilometres from Pointe Noire. This is a major factor in terms in terms of production costs, as many other potash deposits around the world are a long way from a suitable port.

The Sintikoula project covers an area of 1,436.5 square kilometres on the coastal plain, and historical wide spaced drilling confirms the presence of high grade potash mineralization in at least three target areas. Intersections include 3.9 metres at 26% K2O and 3.1 metres at 21.3% K2O. Sylvinite and carnallite mineralization was initially discovered on the project in the 1930s during oil exploration. It was drilled a bit in the ‘60s and ‘70s, but Elemental is making the first real attempt to delineate a commercial deposit. Based on this historic drilling, Elemental has identified an initial exploration target at Kola of between 170 million and 300 million tonnes of sylvinite with grades varying from 23.1% K2O to 23.5% K2O at a depth of 275 metres. That’s shallow in comparison with projects in Canada where the potash can lie at up to 900 metres in depth. The current plan is to boost this resource, bring it up to JORC standards, and use it as a base for a feasibility study later this year.

Sylvinite is what Garry Thomas is after, as carnallite contains magnesium, an impurity which makes it more complicated to refine. What Garry really wants to find is that the mineralization identified from historic drilling at the Kola and the Dougou targets actually constitutes a large unified sylvinite deposit. Dougou adjoins Kola and has reported, but unconfirmed, potash mineralization over an area of about 15 kilometres in strike length. From this it becomes clear that if things pan out as hoped, and the two join up, Elemental could be sitting on a major potash deposit, which could be a company maker.

Fortunately the company is well funded to take things to feasibility as it raised A$8.75 million from a placement to private investors last month, and has getting on for A$11 million in the kitty. Phase 1 of the exploration project which has now started will include topographical as well as seismic surveys, sample analysis and mineralogy, as well as drilling. According to the Australian stockbrokers Patersons, underground mining would take place by conventional room and pillar methods and the ore would then be put through a flotation facility to refine the potash. Brazil would be an ideal sales target from Pointe-Noire as 90 per cent of Brazil’s potash requirement has to be imported and it needs a lot as its soils tend to be marginally acidic. Shipping from Congo is expected to undercut transportation from Canada by around US$25 per tonne.

It is still early stage, but Elemental could be sitting on a sizeable potash resource in an ideal geographic position with access to water, cheap natural gas for power, and excellent infrastructure. People are also of particular importance at this stage. In the case of Elemental the company did not have a glittering career as a gold explorer before potash became the prize, but the chairman is Mark Jones who just happens to be a director of the Australian stockbroker Patersons, so no surprise that fundraising and promotion have been handled efficiently. Two other directors, Ian McPherson and John Sanders were involved in Uramin, the uranium company which realized huge profits for its investors when it was taken over by AREVA in 2007. And, as a leading broker in London who’s also a fan of Elemental remarked recently, “It always pays to follow success, and these two have put a sizeable amount of their profit from Uramin into this one”.
 
Re: ELM - Elemental Minerals

looks like some new discovery through drilling results
DNH
:banghead::banghead::banghead::banghead:
Unfortunately with new design I can not uplodad file saved from my computer
Can some one please help in the new webpage

Please see the ASX announcement and trading halt today if not seen already
 
Re: ELM - Elemental Minerals

Diggers and Drillers have send out a BUY recommendation on this today.

This could be $5 by the end of the year. I'm in!!
 
Re: ELM - Elemental Minerals

thetimeisnow said:
Diggers and Drillers have send out a BUY recommendation on this today.

This could be $5 by the end of the year. I'm in!!
Click to expand...

...or it could be $1.2.

D&D still have a buy recommendation with a slightly lower TP.

I'm in now :)
 
On November 4th, 2016, Elemental Minerals Limited (ELM) changed its name and ASX code to Kore Potash Limited (KP2).
 
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KP2's been a bit of a mover lately. One thing I learn't from @tech/a a while ago was to keep and eye out for narrow range inside bars on INCREASING volume within the top 50% of the previous up bars range. Pretty good probability that there will be a continuation of the up move. Look out for some inside day bars for a much better R:R entry point on this one.

KP2.JPG
 
Cam a couple of things to add.
This is a powerful set up but.

This is very thinly traded and rose 44% on $11,400 turn over.
Not one Id get on.
Liquidity is king for anything we trade.

I'm sure this will plummet as quick as it rose!
 
Mentioned this one in the festering Cankers Thread. After reading their History its not as bad as the Chart suggests. I've already accumulated a small stake simply because I like buying things that are worth bugger all because the downside is capped.

Currently its an each way Punt. ie Red/Black All or nothing. Stop Loss is ZERO ....... Profit target is unknown at this point in time

What I have noted is that the Market Depth (can be unreliable of course), but the Buy side around 0.010-0.013 has increased exponentially in recent days. I had a hard time getting any Volume/Sellers at 0.014

Will update the Fundamentals for my reasons to Buy shortly, but I am content to hold this like its a small savings account for a couple of years and see what kind of Interest I end up with. Could be wrong but I suspect it will multiples of leaving it sit in the CBA :cool:



KP2 18Sep2020.jpg
 
barney said:
Mentioned this one in the festering Cankers Thread. After reading their History its not as bad as the Chart suggests. I've already accumulated a small stake simply because I like buying things that are worth bugger all because the downside is capped.

Currently its an each way Punt. ie Red/Black All or nothing. Stop Loss is ZERO ....... Profit target is unknown at this point in time

What I have noted is that the Market Depth (can be unreliable of course), but the Buy side around 0.010-0.013 has increased exponentially in recent days. I had a hard time getting any Volume/Sellers at 0.014

Will update the Fundamentals for my reasons to Buy shortly, but I am content to hold this like its a small savings account for a couple of years and see what kind of Interest I end up with. Could be wrong but I suspect it will multiples of leaving it sit in the CBA :cool:



View attachment 111896
Click to expand...
If you play the price as notes on a piano @barney it sounds like "The Ballad of Buster Scruggs"

All the best with it mate, you deserve a big win with this just for finding it.

gg
 
Garpal Gumnut said:
If you play the price as notes on a piano @barney it sounds like "The Ballad of Buster Scruggs" All the best with it mate, you deserve a big win with this just for finding it.gg
Click to expand...

Lol ... Good onya Garps. For some reason I am drawn to seemingly worthless Companies .... No doubt some residual psychological malfunction as a child .... or too many bourbon and cokes as an adult :oops: .... and or both!
 
I was surprised when researching this little battler, that they have what is considered one of the highest grade underdeveloped Potash deposits in the world. "DX" deposit. Plus they have a second larger deposit in Kola.

Kola has a completed DFS with good numbers. "DX" has a completed PFS and working towards a DFS in the near term. DX has been chosen as the quickest way to production due to lower Capex required.

Company will require some big investment to get things happening but with 2 world class projects already proven, they are way ahead of most minnows. Effective management will be the key to any success.

Multi listed on ASX London and Johannesburg so better positioned for potential funding options.

Have accumulated a modest stake over the last week or so. Should be some news flow over the coming months. Failing a catastrophe, it looks a low risk punt if a little patience is employed.:bookworm:
 
Hmmm! looks like the bard is hounding blood and bone fertiliser through the green revolution leaving his Ballard aside.
I am a hardcore miner with no sense of arts or songs excepting marrying a wonderful artist :) so let me straight.
Reading the postings on this forum and perusing company's announcements with potash in mind, this is stock on my watch list. What I am watchful on the ups and downs on prices not to be hit in buying at peak and weeping on down.
https://www.asx.com.au/asxpdf/20200826/pdf/44lxqkc6br3080.pdf -
fundraising @0.65 pence (US) and the current price was 1.3 pence (AUD) after drastic downfall on Friday, Could it be an anticipation of the General Meeting on 18th Sept?
Monday market opening would probably disclose from the GM and trading will be driven from that. Unfortunately, I will be on the plane to do any action in time, so would ask @barney to send me some MP4 files for me to listen while flying into mine site. DNH - in fact until now, never looked into KP2 stock.
My guess is in spite of very high deposit, the market does not feel confident with the African Market base and Congo location added with COVID 19 impact on the sale. In addition, 4.3 years payback probably on the higher side with uncertainties with agricultural production.
One political angle when I saw the board members, and could not find any one truly representing Africa giving a bit of diversification.
Having said that DNK and SO4 are probably going well and my own holding on KLL however.
https://www.asx.com.au/asxpdf/20200626/pdf/44jzq6xy02jnn5.pdf - CEO's PRESENTATION
 
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barney said:
Mentioned this one in the festering Cankers Thread. After reading their History its not as bad as the Chart suggests. I've already accumulated a small stake simply because I like buying things that are worth bugger all because the downside is capped.

Currently its an each way Punt. ie Red/Black All or nothing. Stop Loss is ZERO ....... Profit target is unknown at this point in time

What I have noted is that the Market Depth (can be unreliable of course), but the Buy side around 0.010-0.013 has increased exponentially in recent days. I had a hard time getting any Volume/Sellers at 0.014

Will update the Fundamentals for my reasons to Buy shortly, but I am content to hold this like its a small savings account for a couple of years and see what kind of Interest I end up with. Could be wrong but I suspect it will multiples of leaving it sit in the CBA :cool:



View attachment 111896
Click to expand...


Miner said:
Hmmm! looks like the bard is hounding blood and bone fertiliser through the green revolution leaving his Ballard aside.
I am a hardcore miner with no sense of arts or songs excepting marrying a wonderful artist :) so let me straight.
Reading the postings on this forum and perusing company's announcements with potash in mind, this is stock on my watch list. What I am watchful on the ups and downs on prices not to be hit in buying at peak and weeping on down.
https://www.asx.com.au/asxpdf/20200826/pdf/44lxqkc6br3080.pdf -
fundraising @0.65 pence (US) and the current price was 1.3 pence (AUD) after drastic downfall on Friday, Could it be an anticipation of the General Meeting on 18th Sept?
Monday market opening would probably disclose from the GM and trading will be driven from that. Unfortunately, I will be on the plane to do any action in time, so would ask @barney to send me some MP4 files for me to listen while flying into mine site. DNH - in fact until now, never looked into KP2 stock.
My guess is in spite of very high deposit, the market does not feel confident with the African Market base and Congo location added with COVID 19 impact on the sale.
Having said that DNK and SO4 are probably going well and my own holding on KLL however.
https://www.asx.com.au/asxpdf/20200626/pdf/44jzq6xy02jnn5.pdf - CEO's PRESENTATION
Click to expand...

When a stock like this is getting coverage, it's a sure sign Diggers and Dealers is just around the corner...
 
Clansman said:
When a stock like this is getting coverage, it's a sure sign Diggers and Dealers is just around the corner...
Click to expand...

Lol ... Indeed. I see that Kore are not registered to participate however.

Definitely appropriate caution should be applied on this one given their history. I see limited downside at this point in time so happy to sit and watch the paint dry.

@Miner Thanks for posting the links .... This one should be looked at for anyone with a passing interest in their projects.

https://www.asx.com.au/asxpdf/20200626/pdf/44jzq6xy02jnn5.pdf

Their General Meeting resolutions were all passed:

Cap Raise at ($7million dollars) at .65 pence (GBP) = approx 1.15 cents AUD (Current SP 1.4 cents so ok)

All the Directors have taken Shares in lieu of Wages (tick)

SOI = 2.4 billion (not great, but market cap only about $25 million so all relative)

The DX project has an estimated 4 year payback period as you say, however, the estimated EBITDA is $120 million US with free cash flow post pay back of $95 million US per year

If the Board can finalise the DFS and "sell" the above figures to a couple of big players, they should be able to get finance without too much trouble based on the future potential profits ....... looks interesting from where I sit ..... Bearing in mind I sit on my head most of the time:roflmao:
 
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