Member Info for LTbeliever

But potash is not phosphate. Plus, even if someone was after KP2's license, they wouldn't just commit to 600mln investment before knowing if and how they will get the license.

yes, I know but for the SP to drop, it means there were more SELLS than BUYS, right?
So 50-20 is a +30mln in BUYS, which doesn't explain the drop; that's why I said there is a big SELL missing, probably.

yes, so I'd expect there is a hidden SELL trade for some millions, around the same time, yet to appear.

These delayed trades are getting crazier and crazier!
Hope everything settles down soon, so that the SP can consolidate and then jump upon the next RNS release.

Can't say I understand what's going on, people buying, people selling, I am just holding on waiting for at least one RNS by mid-May (or earlier) re the Audited FS, maybe more RNSs if something good happens.
Keep your heads and wait a few more days until all is revealed :)
GLA

Plus, as the EPC is out of Brad's hands, he will probably focus on DX; I'm not being pessimistic but, even if the EPC (and/or DX news) take all summer to come to fruition, the Co will still be spending just 100k pm, leaving our cash b/ce at over $3mln by end of August.
So, we just have to sit and wait and hope that PChina is really only doing its homework properly (albeit belatedly).
If something more sinister is going on, then I have no idea what will happen - DYOR

Another scenario (whether realistic or not) could be internal power politics within the Chinese camp; if PChina worries that its underlings have not done their homework on Kore (or suspect foul play eg kickbacks-related etc), then they would not want to commit in any way until the external assessments. It's Africa down there, not Switzerland!
But remember, PChina is paying out of its own pocket and the goal is to find construction savings, so if they do, it'll add to the project's NAV.

Or it may be a desperate attempt to show that KP2 is backed by the UK government;
In any case, I'd have been really surprised if any progress re the EPCX had been made since 31 March update;
I see 2 positives (pls do not hurl abuse!):
1. Cash burn - USD 1.2 mln in Q1 23 (5ml - 3.8 ml), 900k of which was for exploration work (non recurring), and 198k was for Director fees; this means that this Quarter the Co should probably only spend $300k, leaving us with 3.5mln at end of July (when logically, the EPC will conclude?);
2. DX - RoC MInister is really pushing and Co has finally realised they need to get something done here quickly IMO;
"Recognising the RoC Government's desire to accelerate the production of potash in the Congo, Kore Potash has agreed with the Government to now consider the strategic options available for the DX Project that can bring value forward for all stakeholders and allow more rapid development of the DX Project to contribute to the economy of the RoC. The Ministry of Mines is working cooperatively with the Company to fully explore all strategic options. These options may include forming a joint venture for the development of DX with a third party or a sale of the DX Project."

the good thing with the imminent AFS 2022 is that a lot of unknowns will be clarified, such as who the buyer/seller was today and in early March.

was a bit sad, buying 10mln at 0.0387 this morning but...no complaints now :)

at least will have plenty of cheap energy nearby, when the project starts.
https://www.eni.com/en-IT/media/press-release/2023/04/eni-inaugurates-congo-lng-project-in-the-republic-of-the-congo.html

well done, definitely mad!

Hard to say, big SELL order pending?
Whatever happens, IMO, post mid-May we will never see such a low SP again.
With 2mln+ TO in 2022, and outlook for 5-6mln in 2023 (just my wild guess!), this SP will turn upwards. IMO again, DYOR

Glencore paying 100mln for DX - peanuts!
Saudis involved at Point Noire might be a benefit, by actually reducing set up costs for KP2's own jettie etc? Just a thought.
Main thing is that interest is increasing in RoC, more players, more money to invest etc.

Well, someone dumped 25mln shares y'day and for the SP to be still falling today, it'd seems that there is another SELL order pending; we will know b4 the end of the day I guess.

I can't see much downside at this SP, Vs the potential upside.
Results in 2 weeks or so, plus potential gains from any DVRG contract news.
China news longshot, news on the Settlement Plan for the 1.4mln;
The only negative I see potentially affecting MSYS would be more problems at DVRG, but at this SP it's a risk worth taking IMO.

NU, bought 10mln more :) (2 trades)
Too good a price to just pass.

For our ubiquitous Robot...a song...haha
https://www.youtube.com/watch?v=uCGD9dT12C0

"Exciting day at ISM Cologne! Our Commercial Director, Alex Chapman, had a productive day meeting with potato chip producers to discuss #MicrylaMiD - Microsaic's innovative acrylamide detection system. We're thrilled to be helping the industry make even safer and more delicious potato chips. "

Roley,
slight correction; DVRG debt at y/e 2022 was 1.5mln, so there may be a bit more from others; plus, 0.6 was c/f from H1 22 so net DVRG debt in H2 22 was 900k.
TO in H1 22 was 735k, plus 900k from DVRG, plus any other sales paid by DVRG, plus sales to others, so we are looking at a total 2022 TO of 2 mln minimum; i.e. more than 200% rise over 2021
IMO