Member Info for allthatguff

Forrest getting twitchy in the neighboing DRC..

https://www.mining.com/web/billionaire-forrest-cant-wait-forever-for-80-billion-congo-hydro-deal/

Billionaire Forrest ‘can’t wait forever’ for $80 billion Congo hydro deal

Bloomberg News | June 16, 2023 |

Maybe they were expecting some angry investors?

$345 (US) per tonne .

Personally and in my own opinion I see this as a 'slam dunk' investment at this price (but others may see it as extremely risky still due to the past years history). The last RNSs have shown production is happening and increasing. There has been no debt drawdown last month indicating sustainability of production and probable good profitability (rock phosphate price still at record high).

If they are indeed reliably producing 50ktpm plus phosphate concentrate per month, this should trade in 10-16p range easily, even with the built up debt.

If Hinda gets go ahead and financing you could add another 20-40p, but I do not expect this as given, probably will be getting confirmation that this will happen soon..

Expecting a lot more rise with good production update at end of month.. a long way to go as current mcap is miniscule.

Sorry, I can't see that argument, the 5 year price chart shows clear Ukraine war spike up and descent down. But we may get a short length bed curve dead cat bounce..

Sorry!! Ignore my so called Brazilian prices, it is still fob Vancouver!! Just currency change by the site. Humblest apologies...

Sorry!! Ignore MC do called Brazilian prices, it is still fob Vancouver!! Just currency change by the site. Humblest apologies...

As a general rule, I look at current price and trend of resources. So called expert predictions are invariably and usually way off the mark.

Https://korepotash.com/our-business/export-markets/

"Sintoukola is well situated for key export markets

Product is planned to be sold into the African and South American markets. Brazil is a very large and growing consumer of imported MoP."

Hi 99icecream, thanks for that. Brazil makes more sense. However, the April 2023 Brazilian MoP price appeao to be around US $415 pt from another source (seemingly reputable).

See https://www.indexmundi.com/commodities/?commodity=potassium-chloride&months=60¤cy=brl

In Brazilian Real (1 Real =0.2 us dollars)

pr 2022 5,725.74 17.25%

May 2022 5,837.08 1.94%

Jun 2022 5,543.69 -5.03%

Jul 2022 5,438.90 -1.89%

Aug 2022 4,570.57 -15.97%

Sep 2022 3,823.88 -16.34%

Oct 2022 3,269.65 -14.49%

Nov 2022 2,966.34 -9.28%

Dec 2022 2,693.98 -9.18%

Jan 2023 2,646.82 -1.75%

Feb 2023 2,569.41 -2.92%

Mar 2023 2,363.98 -8.00%

Apr 2023 2,045.3 BR -13.48%. --> = about 415 dollars US

Note price still appears to be in downtrend..

Good answer! Just "tickling your spare rib"; I respect your opinions :-)

Sport analogies? Oh, extrader..

Uneconomical is nonsense, their mine planning is at around that level. If it falls further though, it would be a concern.

Quite a spectacular fall really..

https://ycharts.com/indicators/potassium_chloride_muriate_of_potash_spot_price

May 31, 2023 372.50

April 30, 2023 407.50

March 31, 2023 453.00

February 28, 2023 496.88

January 31, 2023 508.75

December 31, 2022 513.75

November 30, 2022 563.13

October 31, 2022 622.50

September 30, 2022 731.00

August 31, 2022 888.75

July 31, 2022 1013.00

June 30, 2022 1101.88

May 31, 2022 1170.00

April 30, 2022 1202.00

Meanwhile over at Kropz (KRPZ), the rock phosphate price is still at all time high of $345 a tonne (chart going back to 1960's). Expecting juicy production number (50 000tpm or more, Elandsfontein) there end of month AGM update.

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.