Member Info for LTbeliever

FluCr,
I think this is already in the price, hence the 30% drop after the Letter RNS on 19 Oct.
Given that the main contractor is already a Chinese group, and a main holder is the Omani state, I would dare say that the risk of expropriation is minimal.
But now I am not sure if we will get an RNS soon (next 2 days) about the letter to the RoC Minister, or later (when there is a response by the Minister). If KP2's letter is not accompanied by hard facts/dates to placate the Minister, why issue an RNS about it? There'd still be a risk of a negative reaction by RoC.
IMO, an RNS would be worth issuing only if the letter provided dates of the EPC completion (as a minimum) because then the Mkt would know that RoC will be satisfied.
GLA

Rock200,
"good PI like lT" :)))) thanks.
I try to use my logic, common sense, facts and numbers and use the BB as a sounding board to prove/disprove my conclusions. However, there are always things in the background that only insiders/ MM know, which unfortunately impact the SP (usually to our detriment). IMO, KP2 has a lot going for it but we are mere pawns in this game.
In any case, THIS IS THE END OF THE ROAD, if the project doesn't take off in the next few weeks; but, I am optimistic that everything will fall into place soon because there is so much at stake for all parties involved.
GLA

Emmerson (in Morocco) who is behind KP2 in licenses etc and need equity financing for the mine's construction has a Mkt value double KP2's. Talk about undervaluation!

Good to see 0.80 Offer, up from 0.70 last week.
We will soon know if the reply has satisfied the RoC Minister.

ALB,
But if you are right, and we return to the pre-19 Oct status, why wouldn't the SP revert to the status quo ante price i.e. back to 1p, so a 25-30% rise?

A1, your goal is impossible IMO.
If things are bad, you will not need to buy.
If things go well, SP will slice over 0.80 in next 4-5 days. Buys on Friday were 0.79.

Chesh, I know.
What I said was an entirely different thing. Old Shs, who got shafted, are sitting on huge paper losses.
The new Shs, can sell today at 2p (their investment cost in full) and just wait and see if the SP rises over 3p next year and make a risk-free profit. That's all I said.

this is the free bit ---- "one Placing Warrant for every four New Ordinary Shares subscribed for by or placed with the relevant investor"; if the SP goes to 6p in 1 year, the new investor will make 3p profit from his (free) Warrants. He will pay 3p to exercise, can sell for 6p.

if no nasty surprises, the Co Letter to RoC will be sent in the next 5 trading days; the question is, will they issue an RNS about it?

"In addition, all subscribers in the Placing, the Subscription and the Broker Offer will be issued with Placing Warrants on the basis of one Placing Warrant for every four New Ordinary Shares subscribed for by or placed with the relevant investor. The Placing Warrants, which are constituted by the Placing Warrant Instrument, will be exercisable at an exercise price of 3 pence per Ordinary Share at any time up to the date one year following Third Admission. No application is being made for the Placing Warrants to be admitted to trading on AIM."

So, 1 free warrant per 4 new shares. If I had bought 10 mill shares @2p, I got also 2.500.000 free Warrants.
I can sell my shares at 2p, keep the Warrants. IF IN A YEAR's time, the SP is eg 4p, I exercise the Warrants at 3p and make an instant risk-free profit of 1p @ 2.500.000 = Quid 25.000.
I am just guessing here that some new holders may just do this exercise.

It seems that new holders (who got Warrants for free) are selling their shares at 2p and keeping their Warrants; if the SP goes up by next year, over 3p, they get a free profit.
If not over 3p, they lose nothing.
Risk free profit.

SP moving a bit...

Thanks ALB1, good luck to all Holders.

If it's No 1, I'm not too sure...It will easily jump to 1p (if reply to Minister is not bearing bad news), then 1.5-2p once the EPC concludes (judging from SP history); then 3-5 p when (if?) financing details are announced.
Of course, if the letter to the minister is bad and it ****es RoC off, then it could be a total loss?

ALB1,
Telepathy? :))
we thought you had sold out completely - that's what you said.

If history is any guide...IMO
1) there could be a leak, if good news;
2) evidenced by sudden jump in the SP (wishful thinking?) :)
If you go through the below RNSs, the SP had jumped (doubled bottom to top), then the Co would issue RNS denying any news (leak), then a few weeks later (April 2021) the RNS announced the MOU about Kola (and discussions from 2nd half of 2019). My point - we have been in a 3-year loop, leading to the EPC completion eventually (soon?) because it's in everybody's interest, a lot of time and money expended already, and the SP is back to where it was 2 years ago BEFORE the EPC had even started - conclusion? SP way undervalued so as soon as the EPC is announced, history points to at least a doubling of the SP.

14 Dec 2020, letter by RoC Minister
https://www.lse.co.uk/rns/KP2/correspondence-received-from-minister-of-mines-aymvl8ofjnr6exv.html
22 Dec 2020, SP jump (leak)
https://www.lse.co.uk/rns/KP2/asx-share-price-query-b8nm0sy712qghxt.html
16 Mar. 2021, another SP jump (leak)
https://www.lse.co.uk/rns/KP2/asx-share-price-query-r1cdpf2tmlrtz9u.html
30 Marc 2021, another SP jump (leak)
https://www.lse.co.uk/rns/KP2/asx-share-price-query-4bwmbdq5wi85sp5.html
6 April 2021, breaking of the news:
https://www.lse.co.uk/rns/KP2/mou-to-arrange-full-financing-of-kola-construction-mvbt9962q7i3ukt.html
"Summit and its technical partners SEPCO and ENFI commenced discussions with the Company towards financing the construction of Kola in the second half of 2019."

Guy buying 100k yesterday afternoon at 46p. Interesting, to say the least.

Let's hope you got the timing right :)

It looks like the war will go on for another year and that Putin will continue to escalate and try to pressure Europe and the US (by reneging eg on the wheat sales' agreement), rather than pull back.
This means wheat etc prices will be higher than what they would otherwise be, giving support to Potash prices. Lula winning in Brazil will probably make the economy there more stable, hence more investment by farmers.
All we need now is KP2's EPC being finalised, 10 days and counting down for the Letter to RoC.
GLA!

Someone spending 10k on a stock that might be worthless next week? Could be crazy...
Or he/she's typing the letter to the RoC Minister with lots of good news? :))
I really can't say. Could be ALB1 and has changed his mind about bailing out?