Member Info for LTbeliever

"LT, well...let's see if the BOD can pull off a deal like KOD have... If so then 10 bagger it will be.."
"LT, stop panicking... Sure all will be revealed one day/one year.. At that point I will re-assess an entry point if real"
So, Robot will buy in at 7p!!! hahaha

nice one Robot..."game over imo"...hahaha
Robot said she owns no shares, will buy at 0.35...so Robot should be happy about a faulty design, right?
0.35 for a co with zero value, Robot? How does that make any sense?

Modern Water was an exhibitor; as you can see, most visitors (1st and 3rd rank) were in areas of expertise, where MSYS / MW collaborate:
http://www.ciepec.org/en/index.php/Content/index/pid/20.html
Hopefully some news soon.

Modern Water was an exhibitor; as you can see, most visitors (1st and 3rd rank) were in MW's areas of expertise:
http://www.ciepec.org/en/index.php/Content/index/pid/20.html

Stupid Robot writes too much contradictory BS...hahaha

Answer to Stupid Robot:
ALB1 RE: holding up11 Apr 2023 16:37
"LT,, can I remind you that there are 3.5 billion shares in issue here... Do you honestly think a sale of 1 million share is big?.. If so you really need to do some research!."

Looks like sea water inside the Robot has made it's fake brain malfunction ...hahaha

Love it...the Robot knows about "reiterate"...hahaha

I will reiterate that PowerC know their business, mean business and despite all previous delays (probably due to Summit messing up the consortium, plus Covid in China) they will get this job done.
Only a question of at what cost i.e whether their external reviewers will diverge a lot or not from the opt. study results.

99,
Might be chemistry related?
Kanga is iron mining, right? Rocks, basically, with a bit of iron ore inside.
Potash, on the other hand, is salt so water soluble? Should be kept dry?

Maybe someone can ask Brad? Fluffy?

https://korepotash.com/projects/kola/
if you look at the 4 minute animation, it's 250 metres down and 34km from the sea.
I suspect that going underground is to avoid rainwater flooding (as RoC is on the equador and there is lots of rainfall).

But isn't Kola 35km or so from the coast anyway?? The outline shows no risk of ingress.

ATG,
Too many cooks spoil the broth! With so many parties involved, some people may be tempted to ask for backhanders etc; this is Africa and the Chinese are used to this kind of environment; I suspect that they don't want to be ripped off.

Good point, 99;
does anyone know why underground mining was chosen, Vs solution? could be for environmental reasons, imposed by RoC?

Jiving,
I am sure KP2's mgt and big investors (sovereign fund and Chilean miner) are looking at all options; big placing/loan amount will only be needed IF the mine will go ahead; if the mine is delayed beyond September, with no deal in sight, money will only be needed for Brad's salary!

ATG
Very good and valid points that you raise, IMO;
My take - fwiw - is this:
KP2 is the client of the consortium;
Consortium, once contract is signed and guarantees given, will be liable for cost overruns, delays etc;
Consortium comprises many parties, not necessarily fully trusting of each other; hence PowerC need to check again the numbers (paying external parties out of its own pocket);
I assume that PowerC does not trust the opt. study and/or numbers became obsolete due to eg inflation and rate hikes of the past months;
Also, 6 weeks' period for arranging the financing (firm commitment by PowerC) implies that a lot of serious work has taken place with banks etc.
PowerC wanting its own studies, although adding to delays, seems to show that they mean business. IMO

Plus, assuming KP2's Mgt started looking for a DX partner in January, we could hear something during summer?
Newcomers take time to assess such projects.

ATG,
I think the man risk here with SEPCO is the Chinese playing a double game eg wanting full control; how realistic/high is this risk, I can't say, we have discussed this on this BB many times;
The only certainty is that, if the EPC is not forthcoming by September (no indication of this in the last update), we will need a Placing.

http://www.alignresearch.co.uk/kore-potash/kore-potash-updated-pfs-at-dx-project-shows-attractive-financial-returns/
A reminder -
"In May 2021, we updated our analysis on Kore Potash with a conservative price target of 11.2p and a Conviction Buy stance when the stock was trading at 1.175p, and since then it has been as high as 1.8p. So with the shares now standing at 0.775p, we see a chance of a second bite of the cherry and are more than happy to reiterate our Conviction Buy stance."

we saw, BTW, something similar for the Eritrean potash project (not even mine) with a total valuation of appx $200 mln (see BB on 7 Jan 2023)
https://www.mining.com/danakali-to-sell-stake-in-flagship-colluli-potash-project-in-eritrea/