Member Info for 99icecream

The article talks about what is expected to happen "within a few months" - i.e. the near future.

The RNS talks about "not currently in active discussions" - currently meaning 25 June 2024.

Both, can be true. The purpose of the RNS (IMHO) is to stop the share price rising at 20% a day.

I'm not sure what the problem is here. The central claim in the article was that:

Several companies are reportedly interested ...... in a stake in or acquisition of Zanaga ..... a deal is expected within a few months .... but nothing is guaranteed and there is no deadline for a deal

Yesterdays RNS does not refute this idea at all - the points it makes (e.g. not currently working on a deal with anyone) do not contradict the article.

We are left with a very view of the situation, its a great asset and a deal should be possible, as shareholders we have plenty of time to accumulate shares (once the FOMO / day trader types have departed).

Kore up 20% plus in Johannesburg.

DX is not feasible at current Potash prices.

It seems obvious that China will want as much Potash off-take as they can get, and this may be a substitute for the royalty deal that was originally planned. China is keen to have guaranteed access to fertilizers to keep domestic food prices low. Hence the recent export controls on Urea and Phosphates.

https://www.bloomberg.com/news/articles/2024-06-24/china-imposes-more-fertilizer-export-controls-to-protect-farmers

Having Powerchina closely involved in the design and operation of Kola is a huge positive (IMHO) - despite being mainly involved in large power projects, Powerchina is also involved in other projects, see particularly no 4 in the link, regarding the Potash project in Laos.

"The mine located in Vientiane Plain, Lao PDR, which is developed and controlled by POWERCHINA (70% shares), has a huge reserve of potassium chloride, and was put into operation in 2014. Scope of work: As the majority shareholder, POWERCHINA has been leading the investment, construction and operation of this project."

https://en.powerchina.cn/2022-10/10/c_818331.htm

Well done ALBi if you have taken your profits in Kore.

It does not always work out how you predict does it ? In November you were predicting HZM would be subject to a take over at 25p (from 10p). How did that work out ? (HZM now 0.0 p).

I am expecting that a $ 10 million investment and 15 months delay will get us significant design improvements and cost savings.

RNS - 31 March 2023

"PowerChina's review has generated a number of potential design improvements to the project that identify opportunities to further reduce the capital cost and the construction schedule. Discussions on incorporating these design improvements into the EPC contract continue."

True, but they could sign the following w/e (in Q2) and issue the RNS on 1st July !

As I understand it, the Labour Manifesto is written by a committee, what happens after the Election will be determined by Starmer and Reeves.

Syros project is predominantly oil.

For me the contract will be signed at some point soon. Both sides have been committed since the Revised agreement with SEPCO (8/8/2023). The more interesting question is what we will get in this new EPC. IMHO there are two key aspects:-

Firstly, what comes next? When Potash prices were higher there was talk about DX following Kola. DX, as currently planned, has a negative NPV at current Potash prices. I suspect that we might get a phase 2 planned at Kola where (Potash prices permitting) the project scale goes up to 4 M/T per annum after additional CapEx (like Jansen). A phase 2 project could add 80% of phase 1's NPV.

Secondly, what are the significant changes to the mining plan and how much improvement in NPV is achieved? There are many possibilities here, for example:

Will the technology change significantly (from underground mining to directional drilling for example)?

What will be mined? In the original plan only the Sylvanite is mined at Kola. Will the new plan mine the Carnallite also?

Y00020978 - You are I guess one of the few who understand how big this could be!

We are expecting an RNS about the signing of the EPC. This should be received with a new plan and a new NPV estimate, and also "research" from the brokers with new much higher share price targets. Financing for the project CapEX is supposed to be 100% and to follow within a few weeks.

If the comments about Kore leaving AIM moving to the main market of the stock exchange are true, then it is a possibility, this may come with a placing. However a placing is not necessarily needed.

Moving the the main market does not require extra funds are raised, the move could be what is called a Direct Listing (aka an Introduction).

On the other hand some of the current large share holders may want to "cash in" on part of their holding, with these shares going to new Institutional investors.

Note that Institutional shareholders should be very keen on Kore as it should tick most of the ESG boxes.

What street would that be ?

Rekash - Those of us who like this share have bought lots of shares at much lower prices (in my case 0.52p last time) so buying at these prices is of no interest despite (IMHO) the substantial potential after the RNS.

Another million shares at 2p bought at the close today.

New Zealand to revoke oil drilling ban amid fears of blackouts

https://www.yahoo.com/news/zealand-revoke-oil-drilling-ban-060000442.html

Few have any idea what Kore will be worth after the EPC is signed and the new numbers are available (and brokers publish their valuations). This together with poor liquidity will add to the volatility here (IMHO).

The price in the closing auction (2.2p of £ 1200 worth of shares) did not reflect the trading price at the end of yesterday which was about 2.0p. Hence, the "fall" in price today.