Member Info for IdleDaysYann

Double or triple?
With current share price and the new shares, the MC would be about £16m. The new shares were oversubscribed, a good sign. Difficult to value this company, but in comparison with its peers, I would suggest an MC £40-50m now, with further uplift into the spring and summer.
Their Covid test looks competitively priced, its on the government recommended list for travel. Testing is the new norm for 2021. And the company well positioned for further developments.
I'd say 6p is fair value at present.

I also fully agree with Starbuck's analysis. I'll just comment on the points raised by Mambamentality and Mitch984...
Firstly, Sirius was/is a different mineral: polyhalite, marketable as 'poly4', has a much lower potassium component. Also it was DEEP (1500m I think). Kore is one of the shallowest deposits, and a much higher potassium grade. (I was briefly in SXX, but got put off by the tortuous planning procedures).
Secondly, Congo-Brazzaville has a legal system with some similarities to French law. In December, I was concerned about the issues surrounding iron ore mining, so did some research, which gave me greater understanding (for example, the country dependence on O&G, and its determination on the mining front). A useful website giving official decrees is https://www.sgg.cg/fr/journal-officiel/le-journal-officiel.html
Thirdly, and most importantly, In January I contacted the KP2 company: I got a very good and full response, and I'm sure they won't mind me suggesting that other substantial shareholders should also contact them. Obviously, they cannot reveal anything not already in the public domain, but it was worth doing.
Finally, Align Research is a useful site, but I accept the point that they are an interested party. It is worth looking also at Shore Capital research note October 2020, which was done for a different potash company: figures 1, 3 and 4 especially relevant to Kore.

Bit under the radar this one, current price 0.775, target price 6.5 (Align). Not long till May!

A slightly garbled message from me this morning...
KP should read KP2, and the last line should read:
Today's RNS shows the focus on getting things lined up for a rapid development.

By comparison with its peers, KP has highest annual post-tax profit, highest operational profit margin, and the DX stage is the third fastest payback time, according to the Shore Capital report [ref. emmersonplc.com Research Note October 2020]. KP has only 1/3 mc of EML, which is itself undervalued by the present market.
In addition, Align Research included KP2 in its Top 7 for 2021, with detailed information about the potential.
I'm pleased that today's RNS bears out that optimism. There is a clear focus on getting the DFS for DX on time, and I'm pleased to see active discussions with the Ministry of Mines and discussions with 'a number of potential financiers who have indicated potential interest in financing the Kola project'.
It's my opinion that this will work out well in a fairly short timespan.
Today's RNS shows the focus on getting th

Ormonde is in ROC, not DRC. But there may yet be a Chinese connection. Who is Pierre Oba, shareholder of Sangha Mine, beneficiary of the Sundance mining licence loss?