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99, I agree with you; they are going to China (or gone already) to "make", not "break"; otherwise, it'd have been "hush hush" because if there was even a small chance of "break", why risk mentioning in the RNS?
IMO, the Co is just gradually preparing the ground for the signing (long overdue).
Even Elon Musk has to do this !
https://edition.cnn.com/2024/04/29/cars/elon-musk-surprise-visit-china-premier-li-intl-hnk/index.html
FWIW - I don't see the China trip as significant in the sense of make or break. Its more about building the relationship, by meeting the senior people in China (at their invitation). One of the last steps before the deal is closed.
Thanks, interesting. Your comments are measured and informative. Let's see what happens. GLA
IMO, it's "make time"; Co has been making cautious baby steps towards the goal (new CEO, stock options, additional Exchange listing next week etc), announcing China trip (why do so, if the expected outcome might be a failure?); it has taken a lot longer than expected but, after 6 long years, we are just 1 month (or less) away IMO.
Remember the Chinese spent 10mln last year, in-situ, KP2 owes them 3mln (that can collect ONLY after the EPC is signed); there is a lot at stake here for all parties, the Minister has been quiet for many months (a good sign!), so the EPC WILL GET signed, just a matter of time.
GLA
LTB - is this not now make or break time? If no news soon about the supposed China visit and no funding, then we are b-----d?
10k almost, maybe something was heard from China?
We also have the EGM next week (13 May); given the China trip for EPC push ("in early May"), if something happens by then, it may be a good time to RNS it.
Very positive development in my opinion. IMO KP2 Board would only be opening KP2 shares for trading on additional exchanges if they were anticipating the additional need for, and the additional demand for high volume trading in KP2 shares.
IMO, if KP2 Board are anticipating high volume trading in KP2 shares, then they must be pretty confident of the EPC contract being signed and the full funding for the project being available in the near future.
Also good to see KP2 shares will be live on the new exchange before Andre (KP2 CEO) presents and the Junior INDABA for African Mining on the 22nd May. Andre will be discussing why he believes "KP2 is poised to become the best investment in the field".
Lots of positive developments coming through. Bodes well for a positive future for KP2.
All in my opinion. Do you your own research.
Will continue to hold, someday will get rewarded
Additional listing means more costs for the Co; either the Co loves its SAfr investors, or it's confident enough for its future, to be spending previous cash to increase its Market footprint; I think it's positive as it signals to the Market optimism for the future; and it might actually increase liquidity too!
Any Views?
In the current market you can lead a horse to water on numerous occasions but it still won't drink!
See also ZIOC while you're up the Congo!
It will be very interesting to see how both companies perform despite Mr Market's dismissiveness.
If he's right and investors are wrong then that's £trillions down the pan!
Not sure whether or not to add more shares. Share price reamins low
Sounds promising
Andre Baya, CEO, Kore Potash, will explain why his company is poised to become the best investment in the field at The Junior INDABA Africa Mining Convention.
"Potash - put your money where your mouth is"
"Economic crises and wars might affect consumption of critical minerals but no one gives up on food. The World needs Potash in its fertilizers to feed its growing population and Kore Potash is poised to become the best investment in the field."
Andre Baya, CEO, Kore Potash
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Wonder whats brewing?
sp falling
I wouldn't get hung up on the wording, despite the ugly split infinitive. Probably a compromise with the Chinese version. I think we can conclude that things are creeping forward.
Concerning.
I just hope all goes well
I'm saying, read between the lines. Why mention "material", or even the trip to China, unless signing is definite and probably before end of May? They could have just sat on the fence, merely repeating "signing expected in Q2". IMO
LT, What are u saying?
"to materially progress" is the juice, IMO; why mention about the trip at all, or this word, "material", if they did not expect a conclusion soon, or even a failure to conclude?
Any views?
Little Den has spoken again.
This - again hat-tip to MM - from the ZIOC board.
Possible cross-reference to KP2s Omani shareholder....(Oman is also in the frame for ZIOC).
Yesterday at the WEF meeting in Riyadh, Nguesso jnr all but name checked the front runners for GCC investment into Zanaga:
RIYADH: Member nations of the Gulf Cooperation Council can play a pivotal role in developing African economies, a special meeting of the World Economic Forum in Riyadh was told on Sunday.
Economic relations between Africa and the GCC are set to grow significantly in the coming years, economists have said, driven by mutual interests in economic diversification, investment and sustainable development.
Denis Christel Sassou Nguesso, the Republic of Congo’s international cooperation minister, said countries in central and western Africa had traditionally looked to Western powers, such as the US, France and the UK, for assistance with their development but were increasingly looking to forge links with GCC countries.
“IT’S A GOOD OPPORTUNITY AND POSITION TO START TO WORK ON THIS COOPERATION WITH (COUNTRIES SUCH AS) SAUDI ARABIA, UAE, QATAR, OMAN AND BAHRAIN. They can help (African) countries to develop their economies and infrastructure projects,” he said.
https://www.arabnews.pk/node/2500866/middle-east
Just guessing that they will NOT sign in China, but maybe they will organise - in China - when/how/who will sign in Congo, with the Minister of Mines present; so possible signing by May end? IMO