Member Info for 99icecream

I think its about confirming a date for the EPC signing. The RNS for 31 October talks of ".... working towards convening a date, which is currently set for 19 November....." which is a bit vague / or subject to change.

Hopefully they have agreed an earlier date, but it could equally be a later date.

...or before trading opens on Monday.

I think the point is the news will be released here, therefore no need to halt trading.

I suspect, in this case the news will be released after close of trading, today or tomorrow.

Is that today's price CBAX. For some reason I can only see yesterdays closing price of 77 (ZAc).

China's list

"Energy minerals: Oil, gas, shale gas, coal, coal bed methane, uranium;

Ferrous minerals: Iron, chromium, copper, aluminium, gold, nickel, tungsten, tin, molybdenum, antimony, cobalt, lithium, rare earths, zirconium; and

Non-ferrous minerals: Phosphorus, potash, crystalline graphite, fluorite."

https://www.iea.org/policies/15519-national-plan-for-mineral-resources-2016-2020

Did the prime minister tell us anything new ?

You might be interested in this book on the subject of Chinas relationship with strategic minerals. Potash gets a whole chapter (its written by a Canadian)

https://academic.oup.com/book/56144?login=false

It would seem that the Chinese decision on stimulus measures will be influenced by the election result. Its easily possible that their attitude to Potash will be influenced also (perhaps resulting in the delay for signing the deal). I guess we will never know, but I suspect they will be far more keen on the deal now, than they might have been with a Harris victory.

https://www.scmp.com/economy/policy/article/3285148/us-election-could-shape-chinas-long-awaited-fiscal-stimulus-package-analysts

My thoughts were

1) Trade dispute US vs. China, prompts China to buy Food (especially Soya) outside of US as in 2018. This increase the demand from Brazil etc. and also China (import substitution).

2) Increases China's need to have sources of strategic minerals outside of the west.

BTW - If the war in Ukraine ends, why would that mean an end to sanctions ? The potential for Russian expansion would not go away, plus the calls from Ukraine to have reparations for the damage done. A cold war would be the obvious result.

BTW - I think a Trump presidency should be a positive for Potash prices. Any opinions ?

Sorry that should be 9:41:14 !

No great mystery. The missing trade can be seen on the Stock Exchange site

9:14:14 3.13p x 15,640 = £489.55

JamesSimon - In opposition you have the freedom to say anything, without having to face the obvious consequences. Labour have already begun to water down their actions (e.g. no increase in fuel duty) and will be facing the unemployment that will come from phasing out steel production, so that we can import steel from countries made with fossil fuels. They may offer international leadership with targets they cannot meet, but they can be abandoned by a future government.

Easy really, just mandate the power companies to offer electricity plans that use the grid cost of electricity (which is set by hour) plus a margin (with the margin a regulated number), so that consumers get rewarded for using electricity when it is cheaper to supply. Websites could provide forecasts of prices so that consumers can plan ahead.

Should fit in well with smart meters which are supposed to be able to report readings hourly.

Without rewarding customers for altering their consumption pattern, it won't work. IMHO

Testpack3 - My point exactly !

".......a lot have lost heavily who got caught in the sudden rise to 1p...."

How does that work? - Are you suggesting that someone would short such an illiquid share ?

BTW - This is the first mention of Summit Group vs Kore (formerl Elemental Minerals) from 8 years ago (2 Sept 2016), when it was one of 3 key investors in the project.

"The three strategic investors are Sociedad Quimica y Minera de Chile S.A. (US$20 million), the State General Reserve Fund of Oman (US$20 million) and Summit Private Equity (US$10 million)."

https://www.proactiveinvestors.co.uk/companies/news/165652/elemental-minerals-ltd-pulls-in-us50m-for-potash-project-in-congo-70816.html

You need to ignore any small trades for say less than £50 as they mean nothing. The remainder will make more sense.

Sorry that should read Summit has brought SEPCO in to build the project...

Summit have been heavily involved in supporting Kore since before it was listed on AIM. Kore has brought SEPCO in to build the project knowing that the SEPCO and the other Chinese Government owned companies can rely on 70% (approx) of the costs be lent by Chinese development banks. The remainder of 30% or so is to be raised by Summit, probably as a royalty or off-take deal and they will no doubt be making a (well earned IMHO) profit on that aspect of the deal.

IMHO the Chinese will want to buy the off-take also as they desperately want to diversify their sources of Potash away from relying on Canada and others. This in my view is why Power China has become so heavily involved in the (re)-design of the project.

The the Chinese do fund part of the 30% this will still count as "Summit Consortium" and Summit will no doubt get a fee.