focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The annual results not being votable is same as last year, but should get results by 30th June anyway. Plus the should be general projects update too.
"Notice of Annual General Meeting
Kropz Plc (AIM: KRPZ), an emerging African producer and developer of plant nutrient feed minerals, announces that it will hold its Annual General Meeting at the offices of Memery Crystal at 165 Fleet Street, London, EC4A 2DY on 30 June 2023 at 1:00 pm. The full Notice of Annual General Meeting (the "Notice") will be posted to shareholders today.
It should, however, be noted that completion of the audit of the 31 December 2022 Financial Statements and Annual Report (the "2022 Accounts") is currently in progress and, it has not been possible to publish these prior to the issue of this Notice and therefore no resolution to receive and adopt the 2022 Accounts is being proposed. The Company expects to publish its 2022 Accounts by 30 June 2023.
Following the publication of the 2022 Accounts, a separate meeting will be held later in the year at which such a resolution will be proposed."
Yeah, could dummy sell up to 150 000 shares this morning. Probably have buy order.
Sorry, ZAR 597.5m total this year. I reckon total debt could be in order of £60-£100m?Can't be bothered totting it all up, easier to wait for accounts. Even a £100m could be paid off fairly quickly, two years or less?( at current phosphate prices)
No worries. Nice debt list, you can add ZAR 30m for 25 April 2023, see RNS. So ZAR 580m debt this year (£24m), can add this to what there will be on 2022 accounts to be released end of month. If they can get steady production output to planned 1mtpa, the debt should be no problem, imo.
Hi Jain's, I cannot see a tr1 in January 2023, can you point me to it please.
I believe Colin Ikin is the ex- chairman of Cominco Resources before it was bought out by Kropz.
The May 2023 rock phosphate price still sitting at all time high of $345 per tonne. Check the price chart going back to 1960. If there ever was a time to mine rick phosphate, it is now! Kerching!
https://divercitytimes.com/commodity/phosphaterock.php
.. Extrader's account? It's all becoming very woolly.
Another defunct project, the fertilizer factory. RoC is littered with broken dreams. If they get their 'sh&t' together this time round, they could be a very very rich country.
Plus Kropz (KRPZ) is likely to announce funding and go ahead of their Hinda mine near Pointe Noire soon. This was discussed in the meeting with RoC president Nguesso in April this year.
..if you knew the company was generating an estimated £7-8 million free cash flow per month? ie 50 000 tonnes per month production. Well it probably is and we will have confirmation of production end of month.
Significantly there was there was no bridge loan drawdown in May. The drawdowns have previously been like clock in last week of each month. If they are now reliably producing 50 000 tpm phosphate concentrate or more, they should be self funding and start paying down debt. A huge milestone if April was indeedthe last debt draw down. We will know at end of the month update..
Thanks for the tip, Jiving, I will do that. Delisting is an area of share investing I am not really much familiar with (thankfully).
I totally missed or forgot that bit, Jiving. Thanks for that, very reassuring!
I suppose the only other route is if Glencore does not call the meeting and if the original Zioc large block are in cahoots and they call the meeting. But anyway, nothing has thus fundamentally changed from before.
The reason for asking this now is that there is a risk in Kropz (KRPZ) that I am also interested in (where the us actually a 85% sole ownership by one shareholder,). It just got me thinking..
I know I will get slaughtered for asking this naive and possibly stupid question. I am sorry if this has been discussed before since last November. Does the Glencore incorporation into Zanaga shares make a potential delisting more or less likely? And, why would they not go down this route?
"The Rorschach test is a projective psychological test in which subjects' perceptions of inkblots are recorded." Wikipedia
It is funny how the human mind makes things up in the absence of real data . Fascinating. Sorry, a diversion to pass the time :-)
We have had no real relevant news for weeks now, the discussion has now degenerated into wistful babbling. We need to hear from the Bod, even it is more cut 'n paste..
Https://www.independent.co.uk/tech/electric-car-battery-life-range-record-b2344689.html
24/05/2023
"Electric car range set to double with first production of breakthrough battery Mass production of next-generation battery backed by Volkswagen expected to begin next year."
"The lithium-manganese-iron-PHOSPHATE (LMFP) battery has already passed all necessary safety tests, the company said, and has a life cycle of 4,000 charge-discharge cycles – making it suitable for everyday electric cars."
https://www.globenewswire.com/en/news-release/2023/05/02/2658716/0/en/Lithium-Iron-Phosphate-Batteries-Market-Size-to-Reach-24-6-Billion-at-a-13-7-CAGR-by-2027-Report-by-MarketsandMarkets.html
Also ...
Lithium Iron Phosphate Batteries Market Size to Reach $24.6 Billion, at a 13.7% CAGR by 2027 – Report by MarketsandMarkets™
May 01, 2023
Not long to go, a lot shall be revealed in the accompanying updates on Elandsfontein and Hinda. If they have ket ramping up production and sales this should do very well. And the Hinda update could also be very interesting, will we get the confirmation, or at very least roadmap for funding and go ahead. The recent Patrice Motsepe visit to the RoC points to the fact that this is kicking off..
I suspect some folks (the silent lurkers) may take a punt on this going into end of June.