Member Info for ALB1

LT… I’m fully loaded and waiting for my entry price , you bought at 0.75p and above so well trapped now. They may get something done with DX however can’t see it TBH, and the updated EPC could take over a year.. if it ever arrives that is.

LT… if you look back a few months I did warn of this !. That was when the SP was 1p, therefore a 75% discount = 0.25p.

Hi Rock,, I have answered?.. placings generally tend to be at a 75% discount, and with Sepco possibly taking another 12 to 18ths to complete/update another EPC then 0.25p is time to buy.

The finance seems ready however something has delayed the EPC and it’s been around 8 months since first delay….there is no timescale available on the completion so one has to guess a placing will be required here. It’s all in the latest update!… you should read it properly.

LT, placings generally tend to be at a 75% discount, and with Sepco possibly taking another 12 to 18ths to complete another EPC then 0.25p is time to buy.

LT,, even the most loyal and fierce LT must by now realise that this mine will ultimately be the consortium's,,, at the expense of the 50% PI holdings.

It's a shame the BOD don't have a Q&A investor session to answer these type questions. Or any live investor presentation in fact.

DX sold (not sure who will buy though IMO) or wipeout in dilution of shares which the consortium will gain from.

LT... Its a shame but that's the way these type explorers are wiped out. Investors since listing are all underwater and getting wiped out at each raise. Cash is only spent on wages without any real progress, the BOD's generally know what's happening and are in on it.. It's taken nearly one year to decide that a further review on the EPC is required?..blamed on Covid!.. At the start of year they were supposed to be hiring people by now?...Its all a game to wipe out PI's.

LT, the key point of it all ,, is will and what part of all this will be in Kore's control.

They & current PI's are now not really in control UNLESS DX is sold. The mine will be built eventually IMO however the main consortium may take control. The Minister of mines /RoC will solely want the mine built with or without KP2.

As currently stated - 'Kore continues to hold the view that the members of the Summit consortium have the capability to provide the required financing to commit to the construction of Kola and that pursuing this financing opportunity currently remains the best path forward for Kore's shareholders'.

IMO the update is quite good however the cash position of Kore now means they are vulnerable to a very cheap sale hence the SP reaction Friday.

Which way this goes is anyone's guess,, Brad could still make it happen here however for me that means DX is partnered or sold before Sep.

LT & Co - Some hard facts...

The mine one day will be built.. The question is what role will KP2 as a listed coy have in it?.

Roughly 50% of the share capital is owned by the consortium's therefore £10m of equity remains at current market valuations. Now, if I were to pay $1.6b or so to build this mine logic tells me that £10m to take outright control is less than a peanut!. Will they go for it is anyone's guess..

Currently the NAV/assets is 3.5p per share that's before build and production therefore the consortium hold 1.75p if priced correctly as of today. The market cannot price in the NAV until the EPC/funding and all other legalities and gov approvels are signed off official.

Question is will Kore still be able to control the listing until all the above happens?... If so then as a listed coy this would have a MC of around £250m IMO (if the mine is built under current proposal). That's X10 and an SP of around 12p as per Aligns calc's.

LT, I agree with you.... However something has to happen prior to Q4...

Now is the time to buy if this turns out positive I agree...

LT, if they monetize DX then yes,,, game on and a different story. I'll agree with you on that point. Same if the Kola studies come prior to Q4...

LT, all is not lost however visa versa all is not guaranteed.

There will be a raise at some point though and IMO that will be at around .25/.30p

LY, The market has given it’s view... my TP for any entry is now 0.25p. I did warn you all !

Serial cut and paste update Is my guess… I like LT’s optimism however he’s deluded.

SP tells the story here!

Serial cut and paste update Is my guess… I like LT’s optimism however he’s deluded.

SP tells the story here!

LT,,, TBH, you need to first find out what 'if anything' is actually happening!.. IMO it will be a futher cut and paste serial copy of all other updates however how this keeps you content is anyone's guess..

Well Razza,, let's see if they do complete a deal here.... If so then I agree ,, X10... However if not !! Zero

Good luck to you all.

' it's fair to say that the downside is rather limited'

hmm doesn't quite look that way!. Where's all those updates you said we're coming.... IMO the BOD must be the highest paid people for doing so little I've ever known. What is it they actually do week to week?..Love to know.

You’re all deeply deeply troubled...and feeling pain.it will be over for you soon though.

LT, I have revised my buy in price to 0.25p once the news hits and sinks in to all you dreamers...

Razza...you were warned.. IMO no news and no way forward. Likely to lose the licence here.. hence the SP falling to zero.