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Last post: Lordmakealot, 20 Jun 2024 12:36
Never known them to give a price per tonne
Only question that remains is can they dig it up and load it for shipping in enough volume and at the right price ?
Thanks Blue
Kropz PLC Update Mineral Resource Estimate - Elandsfontein
20/06/2024 7:52am
RNS Regulatory News
RNS Number : 2029T
Kropz PLC
20 June 2024
20 June 2024
Kropz Plc
("Kropz" or the "Company")
Update of Mineral Resource Estimate for Elandsfontein
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, is pleased to announce an update to the JORC (2012) compliant Mineral Resource Estimate ("MRE") at its South African phosphate project, Elandsfontein Phosphate Project ("Elandsfontein").
The significant write-down in declared Ore Reserves from 2018 to 2022 has been partially reversed in the 2023 Ore Reserve estimate, largely due to the additional infill drilling which was completed in 2023.
It is expected that the future drilling campaigns will continue to improve the Mineral Resource estimates from Inferred to Measured or Indicated categories and will enable improved conversion of the Mineral Resources to Reserves.
While both the declared Reserve tonnes and grade have increased, the grade and tonnage estimate of the Resource has decreased. This aligns to the improved confidence in the grade estimation of the deposit and reflects the declining grade of the deposit over its life.
Summary
· The 2023 Reserve estimate was positively affected by the completed infill and exploration drilling, which significantly improved the total declared Measured and Indicated Mineral Resources. The Ore Reserves are stated at 30 September 2023, and account for the pit depletions up until the end of September 2023;
· Total Measured and Indicated resource tonnage has increased by approximately 72%, while the Total resource tonnage has reduced by 30%;
· Decrease in total phosphate resources at Elandsfontein to 74.23 million tonnes ("Mt") from 106.58 million tonnes in 2022;
· Total Reserves are estimated at 26.63 Mt at a P2O5 grade of 9.38% of which 16.56 Mt is Proven at 10.25% P2O5, This compares to previous estimate at 17.42 Mt at 9.19% P2O5.
Louis Loubser, Chief Executive Officer commented:
"Our planned infill drilling campaign has proved worthwhile. Although the changes in our Resource estimate have been substantive, our ability to accurately predict the spatial position and grade of the ore body has improved greatly. This has led to further accuracy and prediction improvements which are reflected in an encouraging increase in our mineable ore Reserves."
Last post: Flogit123, 20 Jun 2024 10:57
Travelling today so I can’t buy ….. however nice to see the SP on the up again …
Started: janet2007, 13 Jun 2024 14:12
Last post: Lordmakealot, 13 Jun 2024 21:40
Agreed they are not making money yet,and arc have them by balls,but they have 35 years of mining life and hinda and the plant cost 150 mill and 45 mill spent on hinda ,i think the 1.2 p i paid is worth the risk.now i have free shares and can afford for it to go belly up,but it wont .like the ceo said phosphate is the only substance in the world that cant be replicated.so i,ll take my chances,i just worry about further financìng for hinda
Yes agreed, but I'm sure the IPO was to fund the projects right? There is no free money these days. Fund raising for loss making companies is near impossible on AIM without losing half your equity!
Arc is the concert party here,they have been paying the bills
Yes but where is the funding coming from? We need a successful flagship project first. Walk before you run etc... GLA
80,000 tonnes at over 100 dollars a ton,mine life of 35 years,hinda to be developed,hold for gold is the correct stance here.
Last post: janet2007, 13 Jun 2024 14:37
Flogit123 also have a look at INHC next bagger in the making .....KRPZ UP 78 Percent ....good day so far and both primed to breakout
10 Times more buying going on than selling today and good volume still have 2 hours of trading could see 100-200 percent finish
Not too sure what’s going on here today - plenty of tiny trades but the bid is up to 2P. At least last weeks short term inter-day rise had some reasonable buys…
I’m not adding but also not selling at these prices… gla and let’s see what happens at the close….
Started: janet2007, 13 Jun 2024 14:17
Last post: janet2007, 13 Jun 2024 14:17
· An updated Mineral Resource Estimate ("MRE") is underway and the results of the updated MRE are expected during the second quarter of 2024. Read RNS IN March .......this should take up past 5.00+
Started: janet2007, 13 Jun 2024 14:13
Last post: janet2007, 13 Jun 2024 14:13
NUMBER 2 ON THE LEADERBOARD RISERS .....BUYS OUTSTRIPPING SELLS MASSIVELY
Started: Lordmakealot, 10 Jun 2024 12:47
Last post: sharemeister, 13 Jun 2024 09:01
Only a matter of time before this blows big time. Ramping up to full production soon of almost 400,000 tons.
How many millions does that translate into? With an original IPO of 40p and a free float of 10% , and a mine life of 35yrs, there seems to be a major SP disconnect here. Fill your boots now at these low prices before this moves seriously north.
Next RNS should blow the cap off this SP! Buy...Buy....Buy.
Sold in the quarter according to arc,and trials for new phosphate,so thats 320k tonnes a year.and a mine life of 35 years with 10% free float,i love this share,its a pity no rns here stating that.
Started: Lordmakealot, 10 Jun 2024 11:15
Last post: Lordmakealot, 10 Jun 2024 11:15
20 mins after i sold,can buy cheaper than i sold,back to tumbleweed i suppose
Started: Lordmakealot, 10 Jun 2024 10:41
Last post: Lordmakealot, 10 Jun 2024 10:41
Sold my original stake and now own 50,000 free shares,for 35 years of mining,a good deal i think,mind you i was in here for months at a very low price.when not even one trade,worst than tumbleweed.and if they raise for hinda it wont cost me anything.a nice bit of passive income deal for me and it cost me nothing
Last post: Traxpern, 10 Jun 2024 09:36
Should blow this up to where it should be
I’ve seen a lot of positives on some linked in posts from employees
Started: SuePud1, 9 Jun 2024 15:35
Last post: SuePud1, 9 Jun 2024 15:35
Wow
Started: Traxpern, 9 Jun 2024 13:00
Last post: Traxpern, 9 Jun 2024 13:00
Started: Lordmakealot, 9 Jun 2024 11:58
Last post: Traxpern, 9 Jun 2024 12:58
About 3%
The freefloat percentage,many thanks
Started: Traxpern, 9 Jun 2024 09:25
Last post: Lordmakealot, 9 Jun 2024 11:40
Ive known about this share since the court case with the green protesters about the water supply.kropz won this case then had set back after setback in manufacturing terms,but ive always known that the factory cost 140 mill,and it has 35 years of life.this share had an ipo price of 40p,i paid 1.2 pa about 7 months ago,never seen one trade now a few trades and 2.5 to sell,any whiff of news and this moves rapidly.but im annoyed that the info ive found out hasnt been in the form of an rns.the info is in the video that crowfoot put up for me ,i believe that the buying on friday was because hinda will be moving forward very soon and ramped up production of quality phosphate and not that old rubbish they were selling so cheap,if im right i will be making a fortune.good luck fellow investors
Yep. I think they are through the worst of it
Ive known about this share since the court case about the water supply,then problem after problem with manufacturing ,hence the ipo pri
“The extent of the ultra-fines (natural slimes) in the ore encountered has also limited our production throughput. In response, Kropz Elandsfontein (Pty) Ltd ("Elandsfontein") is making strategic investments in new equipment that will enable the plant to more effectively handle and process the challenging slimes material. Elandsfontein aims to increase its production throughput by more than 40% following commissioning of the new equipment. The project is expected to be fully operational by the end of the second quarter of 2024.”
Started: Lordmakealot, 8 Jun 2024 15:19
Last post: Lordmakealot, 8 Jun 2024 18:45
Thankyou crowfoot,hopefully more buyers now.i noted outside investment and more technical support,could this mean hinda is about to start,whats your thoughts crowfoot
Https://www.fmp-tv.co.uk/2024/03/28/kropz/
He talks a good game but like he said 'talk is cheap'. GLA
I think the new equipment has been fitted,so hopefully june is the ramp up month,any idea on what price we are getting
They need to stabilise production at 500k tons a year and get Hindu moving forward.
That’s 10p a share and they will get there
Interview with ceo,talking about ramping up in june and a new product called nano,looking for external funding,can anyone please put that interview on here for the benefit of other investors,as im not clever enough to be able to do that,many thanks
Last post: Lordmakealot, 8 Jun 2024 14:53
I see tonnage going out but never a price per tonne,surely the trials have stopped by now,nice to chat crowfoot,im in here for my pension,luckily im in at 1.2,
No idea, I've been waiting for any good news for the last 18 months. It spikes occasionally and with such a low free float it goes crazy with little volume. If they ever do manage to say something positive about either Elandsfontein or Hinda it'll go ballistic. Here's hoping I'm still breathing! GLA
Any news due
Yes i bagged yesterday but i dont know how or why,been in here months ,but i do know more trades yesterday than the entirety of my length of holding,i do believe in this share but will be a long burner,thats fine with me
Somebody was happy to sell £150 @ 1.22 in the extended auction which gave us a silly UT price.
Spread was actually around 2.5-3p at close so over 100% up on the day. GLA on Monday :o)
Started: Lordmakealot, 7 Jun 2024 23:45
Last post: Lordmakealot, 7 Jun 2024 23:45
Been out today and come home to this what has happened and who is janet never heard of her,but made good money today so rhanls for that
Started: Traxpern, 7 Jun 2024 17:16
Last post: Traxpern, 7 Jun 2024 17:16
Should be near full ramp up of 400k tons per annum giving around £70mill minimum cash flow.
Life of mine is minimum 35 years.
Any sign of this and the sp will be 50p plus
Started: janet2007, 7 Jun 2024 15:31
Last post: Traxpern, 7 Jun 2024 16:15
Tiny free float
10p with in 1 month
Very strong buying today
Expecting a strong finish into close we should this breakout next week MRC results are due
May see 6.00+ before close today
Last post: janet2007, 7 Jun 2024 15:50
Fill ya boots time spread closing up
Technicals say we are in for a major breakout upwards next week
HL says 177% 🚀🚀🚀🚀
Up 122 percent moving big time
Mms lifting up again looking very strong
Started: Flogit123, 7 Jun 2024 15:29
Last post: Flogit123, 7 Jun 2024 15:29
Top of the risers board with only 16 trades and the spread down to a paltry 40%%%%.
Please, please, please let this not be a pump and dump but a juicy leak…. Gla
Last post: janet2007, 7 Jun 2024 15:25
MRC results next week could see this back in 10.00s mid teens
Trying not to get too carried away - there is a 67% spread. Does that mean the MM have plenty of shares??
Who just bought 20 shares???? Or perhaps MM hiding a sell…. Lol
Started: janet2007, 7 Jun 2024 15:17
Last post: janet2007, 7 Jun 2024 15:17
Very cheap now multi-bagger in the making
Started: janet2007, 7 Jun 2024 14:26
Last post: janet2007, 7 Jun 2024 15:11
Buying pressure building up
In auction now looks like mms ready to let go very soon
Market makers ready to tick up
Buys coming in this could really rally this afternoon and next week may do a similar rise to what happened to RTOP this week
MRE results could have been leaked