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KP2 - Kore Potash

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KP2 keeps going up, but I can't figure out what is driving the recent share price gains. What do you think @barney?

When this sort of thing happens with no obvious explanation, the first thing that comes to mind is the possibility of someone taking a stake in the company by buying on market.

Anyway, KP2 up another 35.5% so far today. Interestingly, the volume really started to increase after 11:30am. For the first hour and a half of trading there was very little volume.

KP2_300321.png
 
greggles said:
KP2 keeps going up, but I can't figure out what is driving the recent share price gains. What do you think @barney?

When this sort of thing happens with no obvious explanation, the first thing that comes to mind is the possibility of someone taking a stake in the company by buying on market.

Anyway, KP2 up another 35.5% so far today. Interestingly, the volume really started to increase after 11:30am. For the first hour and a half of trading there was very little volume.

View attachment 122126
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Really wanted to point this out.
That's supply accepting the challenge
look what happened after that!
 
greggles said:
KP2 keeps going up, but I can't figure out what is driving the recent share price gains. What do you think @barney?
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Hey @greggles I remember I first found this little battler back in September last year Seems like an age ago now.

Post 14 on the Thread (I went back and had a look :geek: ) basically explains my thinking/interest back then

I think I may have even used one of your "lines" ie. Traders have left the building, lol :)


Anyway, there was a lot to like about the Stock's price to potential ratio given they hold 2 world class Potash deposits

(ps There is no such thing as a price to potential ratio ... that is my personal discretionary Spec indicator, lol)


Current price action is likely partly opportunistic. ie Traders such as @tech/a who I assume may have had a bit of a dabble at this one?;)

And likely new "investors" who can see that, if these guys actually get one of these Potash deposits off the ground, their current market cap will look a bit silly.

So in essence, a perfect storm for a Spec Stock ... Potential and Speculation combined:jimlad:

I'm certainly under no illusion however. I took a solid punt at this based on my analysis and I've done ok so far

Could have just as easily sat in the bottom drawer for another 12 months

And could just as easily fall over if they cannot provide a positive DFS and get Funding down the track (funding is the big one)

Personally I think they will do both, and end up with a market cap a fair bit higher than even today's spike. (just my opinion however)

I actually sold a few today with a standing order at 042 I had no inkling it was going to spike as a high as it did.

The Company "knows nothing" of course!

In effect, I'd say the DFS is not far down the track, so the Company has already announced that to market, so their,

"I know nothing" is totally truthful:wheniwasaboy:

Still hold a core/Kore :shame: (bad pun) amount so happy to see what unfolds over the next few months
 
This explains a little of the recent gyrations in the SP. Good news for the Co.

Non-binding Memorandum of Understanding to arrange the full financing required for the construction of the Kola Potash Project

Full Announcement
 
Mmm .....

Post last Announcement we have a Cap Raise at .02 cents to Sophistos :(

Bit of a slap in the face, but if you play in the jungle you have to watch out for Lions :panda:
 
Trav. said:
I just caught up on his thread and wow that is a nice discount for the big boys. Very disappointing for holders.
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Yeah not great at face value @Trav. but not all doom and gloom with the Project/s well and truly on the radar again.

Construction cost of $1.65 Billion dollars is no small change if they ever get it up and running.

The Company intends to use a combination of Debt and Royalty Financing, so the eventual revenue stream of the Project must be huge?

Plus they retain 90% of the Project


I think the Link above does not work so will post the Announcement link from 6th April again

6th April Announcement

Part of the Ann below:

The MoU provides the Summit Consortium with a 9 month period to present a financing proposal to fully finance the construction of Kola via a combination of debt and royalty financing.
This means that the Company would not be required to raise equity to fund the capital cost of construction as the equity portion will be covered by the royalty funding with the Company retaining its 90% interest in the project.


I expect a dip in the SP post cap raise, but given the the Top 20 currently hold over 86% of the Company, it really depends on whether they want to push each other around or not.?
 
Based on today's announcements, I was waiting for KP2 to re-open this morning to take my medicine (probably down 22% by the looks of the market depth)

It appears the Co. Secretary and Management might need to communicate a bit more given the "later" Announcement has the "earlier" time

Given KP2 has still not Opened, its fair to say someone ballsed up?

Frustrating, especially given the amount of money we pay these chaps. (winge over:wheniwasaboy::bored: lol)




Earlier Announcement on 8th April:

2. Kore Potash requests that the trading halt remains in place until the release of an announcement by the Company in relation to the results of the proposed fundraising, which is expected to be made no later than before commencement of trading on Monday, 12 April 2021.


Later Announcement on 8th April:

The Company’s securities will be in a trading halt on the Australian Securities Exchange (“ASX”) while the Proposed Fundraise is conducted. Normal trading in the Company’s securities on the ASX is expected to resume at the commencement of trading on Friday, 9 April 2021 or such earlier time as Kore Potash plc 25 Moorgate, London EC2R 6AY United Kingdom the results of the Proposed Fundraise are announced to ASX.
 
Decided to let my remaining holding in this little fella go today at .019:(

Did ok profit wise overall but could have been better if the ducks had flown in the right direction a bit longer, lol

The recent Cap Raise was needed, but the 2 cent price has set it up to play into the "Sophisticated" lads hands

I believe it will eventually do well, but I have no idea how long that may now take given the deep pockets are in control.

Back to watching for the time being:meh:
 
The potash spot price has spiked since the Russian Invasion of Ukraine began with sanctions against Belarus targeting their potash exports.

gro-intelligence.com

Russia-Ukraine Crisis Ignites Fertilizer Prices at Critical Time for World Crops

Russia is the world’s biggest exporter of fertilizers, and the war’s impact is having ramifications for farmers from the US Corn Belt to Brazil.
gro-intelligence.com gro-intelligence.com

www.euractiv.com

EU sanctions on Belarus target key fertiliser amid rising input prices

The EU has banned all imports from Belarus of potash, an important fertiliser that is largely deficient in Europe, in a move that puts further pressure on the agriculture sector already struggling with an input price hike.
www.euractiv.com www.euractiv.com

Huge spike in volume for KP2 today with the 2c level being breached. Looking for a strong close.

big.chart-KP2.gif
 
Since my last post on KP2, its share price has increased from 2c to 2.9c. I expect it to continue to rise in the coming month because geopolitical tensons will likely not ease anytime soon and Russia and Belarus account for 40% of the world's potash supply. A rising potash price and concerns about supply should keep it moving up.

There has been no news of note since the Quarterly Activities & Cashflow Report was released on 20 January, which contained this quote:

Brad Sampson, Chief Executive Officer of Kore Potash, commented:

“The first half of 2022 is set to be a very busy period for Kore particularly with the imminent completion of the Study and receipt of the EPC proposal for our flagship Kola potash project. The Company expects to receive the Financing Proposal from the Consortium 60 days after the Study is completed and we are pleased that the work of the Consortium continues to track the timeline agreed in our MoU. The delivery of the financing proposal for the full financing of the construction of Kola is a key milestone for our Company. We are looking forward to the completion of the financing phase and being able to move rapidly into the construction of Kola.”
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I'm betting that there is news in April and that the news is good.
 
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