Member Info for LTbeliever

99,
Maybe he worked a bit before uni :)
Joking aside, my point is that he's been working from Jo'Burg over the past few years, maybe now he doesn't want to be working on location in the RoC.

ALB,
Maybe now, after your ostensible 180-degrees' turn, you can tell us about the "whispers" you heard?
or, do you still believe that the sp will drop to 0.35, with a placing at 0.50?
and what about your NY' eve post below?
"..... And when the dilution happens,, LT & co will quickly turn fickle and blame Brad and the BOD for their extraordinary remuneration packages. To late by then though as the big holders will have 75% plus."
Up to now, there is only one "fickle" poster on this BB.

Thanks Wacker,
The BB is for exchanging views and research IMO, and help each other out.
Note that as soon as KP2 hits 10p I may sell a bit and invest in ORR :)))

Jiving,
Final comment - https://korepotash.com/about-us/management/
Gavin is NOT a Board Member and he's at least 60 y/o (graduated in 1987).

Jiving,
As soon as the EPC concludes, that's it, IMO. Note that Colluli had signed - on 12 June 2018 - an offtake agr with EuroChem for 100% of production, commencing in 2022! this shows the demand out there.
Re G Chamberlain my view is that now that the project will take off the Co needs someone willing to spend a lot of time in situ at RoC; perhaps GC did not want all this hassle, given his age.

Jiving, look at last para for political risk; from Oct. 22:
https://www.mining.com/danakali-to-sell-stake-in-flagship-colluli-potash-project-in-eritrea/
BTW, 90% of money going to Shareholders; so imagine the undervaluation of KP2, the project as it stands can easily be worth 5-6p. IMO

JB,
you may as well wait for this month's Trading update. It's been some weeks without any new contract update; it could mean zero progress, or (and that's my hunch) that the new Board wants to release news only when significant (in contrast to GJB's verbal diarroia on Twitter about everything).
If the latter, the SP could easily jump another 10-20%.

Jiving,
It's now quite obvious that the SP turnaround on Wednesday coincided with the news below; the MM immediately upped the Buy price, possibly expecting a rerating of the share. It may even be the same "whispers" ALB referred to :))
This will increase pressure on Co Management to start delivering and I bet the RoC Minister will be on the phone to our CEO on a daily basis!
As the days go by, the City is going to take notice.

According to the below, they need about 4 years as well; so, KP2 has a rival at the opposite side of Africa; I think this will focus minds at KP2, so I expect news to start flowing soon; although competition is bad per se, in KP2's case it may be beneficial - in my "non-guru" mind - because a) it provides valuation comparables for the equity (now at only 10% of COLLULI) and b) it puts Africa on investors' map (note that political risk in Eritrea is much higher than RoC).
https://finance-china-com-cn.translate.goog/industry/energy/20230105/5924573.shtml?_x_tr_sch=http&_x_tr_sl=zh-CN&_x_tr_tl=el&_x_tr_hl=el&_x_tr_pto=sc
"It is understood that the total investment in the construction of the Etkululi potash mine project is about 780 million US dollars, and the investment and construction will be divided into two phases. The estimated construction period of each phase is 24 months. According to the feasibility study report issued by China Huanqiu Engineering Co., Ltd., the total ore reserves of the project are about 1.113 billion tons, of which the proven reserves are about 303 million tons, and the average grade of potassium oxide is 11%. The main product of the project is potassium sulfate (SOP)."
GLA, great start to 2023!

https://hotcopper.com.au/threads/news-dnk-sichuan-road-to-buy-stake-in-colluli-mining-for-potassium-salt-project-in-eritrea.7167445/
Jan 4 (Reuters) - Sichuan Road & Bridge Group Co Ltd 600039.SS :
" SAYS UNIT PLANS TO BUY 50% EQUITY STAKE IN COLLULI MINING SHARE COMPANY FROM AUSTRALIA'S STB ERITREA PTY
SAYS TRANSACTION PRICE OF $170 MILLION INCLUDING $135 MILLION OF 50% EQUITY STAKE IN COLLULI MINING, $31 MILLION OF CREDITOR'S RIGHTS
SAYS UNIT WILL INVEST $780 MILLION IN ERITREA'S POTASSIUM SALT PROJECT "
So, $135mln for 50% of a project that needs min $1bln to launch, or in my simple maths, $270mln is the value of the whole Company today, before the project has even started.

Nice one, ATGuff,
https://en.imsilkroad.com/p/332145.html
"The acquisition and project investment will need a total fund of about 950 million U.S. dollars."
I think KP2 is ahead of them in project launch.

Wacker,
I post my views about KP2 on the basis of public info -RNSs etc, but of course RNSs can be misleading sometimes (on purpose or otherwise). I'm not a guru of anything but I try not to mislead people by posting BS, scare stories, false rumours etc; and I put my money where my mouth is.
So, I cannot say much for ORR (just glanced at it) other than what you already know; it's highly speculative, near its all time low and has its fingers in many pies; not worth selling now IMO, so your best option is to wait for a positive catalyst. DYOR

Jiving,
I don't think that he actually bought anything; he's still hoping for a drop; if the SP pulls back, he will come and say "you know guys, I sold at X price because I expected this pullback" !!!
Obviously, he has heard no whispers as nobody would trust him with inside info given his continual self-contradictory statements.

CB, you are right; only a few insiders (probably?) are buying and existing Holders averaging down, IMO.
Traders and new holders will buy when the EPC/financing RNSs are released; so, this gives us a bit more time to average down :)
January has started well, at least.

hahaha, that's so funny and amazing!
"heard a whisper"???
"fully loaded last 2 days and will x10."???
3 days ago, the target SP for buying was 0.35 and a Placing expected soon at 0.50. How strange...hmm...unbelievable turnaround!
I will not waste time pasting all the comments re the above "certainties", now vanishing into thin air.
GL to the true Holders, DYOR
Which version should we then believe

I don't think the guy who just bought 1.5 mln shares @13k is a Day Trader :) or suffering from FOMO :)
IMO, good news are around the corner and the guy jumped in now before the SP jumps further.

L56,
By "consolidate", I meant to form a base/bottom, take a breather and then continue higher :)
If it jumps too much on zero news, then profit taking by speculators can occur, bringing the SP down.

slow and steady, let's hope SP consolidates around 0.80.

Hi BM,
KP2 is quite illiquid and not as speculative as eg Tech stocks; the MM has failed in the past to move the SP, even on news or similar volumes traded; Stock indices are not up by much and Emmerson is only up by 1%; so I will respectfully disagree :))
I stick by my prediction that the next few weeks will be game-changing.

Rock,
I prefer a good RNS and a gradual, steady SP rise than big ups and downs based on insider games. But, I do believe that this month will be quite active with respect to announcements.
And let others "yawn", waiting for 0.35 :))))
GLA