The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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It is good that LTBeliever is back with us, after a long break. He is one of the few measured and well-informed people on these boards. I just hope his words prove to be prescient about this company. After years of waiting....
Jiving, how dare you say ALB is deceiving the BB? He's simply entertaining people. Always with WIN WIN comments!
If SP drops after further dilution, he will say "guys, I sold ages ago at 0.48p"; when the SP rises, he will say "guys, I have now 20 million shares at an average 0.50p, or thereabouts".
He can never lose, I guess we must thank him for his funny comments.
But ALB1 surely you are not deceiving the board again, I mean why buy at an average of 0.48 when you are expecting 0.25?
Your post Sunday: "0.25p next ...... Then the delist."
Those were my big buys today beardozer,,. Hold 7.5m shares now at an ave of 0.48p. Will hold for 1.5p.
You've done a grand job but I think it's time you threw in the towel.
No great mystery here. We have been at 0.35p / 0.45p (an insanely wide spread) for a while based on the recent share issue at 0.38p. Yesterday one of the dealers dropped their offer to 0.40p and was promptly lifted in 1.9 million shares. This morning another 3.9 million was bought at 0.45p approx.
Only 4 trades but one was 3 million shares for £13.5K
0.45 3,000,000 Unknown* 13.50k
Some good news is leaking. KP leaks like a sieve. Insider talk.
How come the sudden rise if this was to delist?
0.25p next ...... Then the delist. Obvious what the game plan is. PI's diluted into oblivion first.
I refer to my previous (many posts) on the way this was heading. 0.25p next.
Thrilled to be invested in the runner up on AIM’s daily disaster bulletin. Cheers Brad.
Did he resign or was he pushed?
Lets face it, Brad was worse than useless at his job, and basically wanted the lack of progress with KP2 to go on as long as possible so he could keep his ridiculously inflated salary.
He owned no shares, and if KP2 is eventually developed it would have meant nothing to him other than him losing his job and being replaced by a specialist CEO more experienced in running an active mine.
Good riddance in my view.
Could anybody shed some light on the ‘other business interests’ Brad is moving on to, so we know what to avoid in future?
It's a big con. How much has he taken in salary for achieving absolutely nothing?
From the Management Change RNS: "The Board and Management team of Kore Potash would like to thank Brad for his leadership and valuable contribution to the Company over the last 5 years. We wish Brad every success in the future."
Google's 5 year chart
https://www.google.com/finance/quote/KP2:LON?hl=en&window=5Y
Over 90% down and they thank him?
Obviously, today's the day to buy KP2 - not several years ago when I paid over 1p.
Looks like 0.38p. I wonder it say full amount going toawrds EPC which if the case means that another fund raise would be needed for keeping the lights on BOD lifestyles etc?
Also talking about another placing... at what price I wonder???
Well he clearly thinks/knows there's no more meat on the bone. Why leave just before a milestone of EPC and financing unless you know nothing is going to happen. I just hope the buyout price is at least 1.5p (my buy in price) I would be over the moon just to break even with this s**t show
Very interesting. on ASX, KP2 up 3 days in row. today trade is on ok volume as well (1.46m) with no news obviously.
while on UK market, price down slightly.
For me, I like that unlike all previous years, this time we have a clear timeline from SEPCO which KP2 has to pay for so should be adhere to.
It is also very important to have OIA and SQM taken up the new shares. both would have a whole team going through the numbers and information. so if they are willing to inject new fund, I will join them as well.
Going by schedule, the next cashflow report will be released soon. we will know how much cash got used. and most importantly whether new cash got injected. and how much left.
and before the next cashflow report in Jan24, EPC will be provided. all focus would be on Finance then.
Funding required from somewhere to keep the light on in Brad's small office/room,,, the 2 major holders haven't taken up any shares?, tells me it's close to lights out. As previously mentioned - there's no other coy on this earth who will commit $1.8b here therefore it will be there's for peanuts if they want it.
Apologies Mitch, it did show -15% earlier on a 1m sale?..