Member Info for LTbeliever

Wacker,
I'm trying to remain optimistic, thinking that a delay is good in a way because they might be adding the final touches to the EPC; costing such a big, 5 year, project might have become more difficult due to the markets (commodity, materials, debt, equity, labour etc) going haywire due to the inflation and the volatility.
I'm saying "good delay" because if the EPC had collapsed due to the volatility etc, why would they delay the RNS announcing such a catastrophic outcome? Plus, the MM would drop the price by 50% or more anyway.
The super ideal scenario (me the wishful thinker) would be that the EPC has been already submitted (within deadline) and now the final touches are being added to the financing proposal - but this scenario is far fetched because there would have definitely been a leak and the SP would have risen already, not dropped.

Wacker,
It said 2 months on april 1st, then on April 22 I think the Co merely reiterated that the EPC would still be submitted within that "2 month" period i.e. by end of May.

Isn't it the other way round?
Kola is about 5 times bigger than DX. DX was originally (2020) going to be developed because it needed 200-300 mln but then in 2021 (don't recall why), the Co decided that they could actually go ahead with Kola first.

99,
that's also a good possible explanation; the MM might just be acting very cautiously, preserving capital and punishing any illiquid stock with even small sale volumes.

We had an RNS for the optimisation study in April, which basically shaved 200-300 million from the EPC's total cost; so, I'd assume that for the EPC (which would cost around 1.5 bln) and it's a game changer for the Co, an RNS will be issued.

Yes, concerning indeed!
Either the lack of news allows the MM to acquire stock at lower prices from jittery PIs (temporary setback if a good RNS follows soon), or
Someone with inside knowledge is dumping shares at any price (alarming, if true)!
Main issue now is the delay in the EPC's submission, which allows insiders to take advantage.
GLA

Large BUY order would normally make the MM offer higher BID prices and tighten spreads, to attract sellers. Here we have the opposite.

the only positive explanation I can think of, if no leak, is someone selling everything due to cash issues (non KP2 related) and the MM is reducing SP to preempt other sellers?

Looks like someone has some inside info? The MM has dropped SP substantially, IMO not justified by the sales volume.

Does the move mean scaling up (positive) or scaling down (worrying!)?

inflation going up, food prices going up, fertiliser going up.
population going up, each country fending for itself.
Dearth of growth opportunities, tech still overvalued.
Chinese and Russians controlling a lot of resources/production.
Africa last untouched place, still accessible to Europe.
KP2's role to play? We will soon know.
GLA

Let's hope we are not playing against Real Madrid!! :)))

I didn't attend the AGM call but (pls correct me) if Nothing of significance was said, would that not imply:
a) that the EPC is still on the way? If not, an RNS should have been issued;
b) that if a significant delay was expected for any reason, there would have been a mention?

IMO, all this hush hush is probably (IMO) a sign that the EPC is chugging along and it is just a matter of time before its release.

RNS and AGM were a bit of a damp squib!
And the waiting goes on...hopefully, the delay is only for a few days more and they are working on something.

Any update from any participant? That's worth a mention?

Very strange not to have an RNS with the AGM - means everything is still up in the air?

Seems someone read your post, Phil :)
RNS for you.

https://korepotash.com/wp-content/uploads/2022/05/Kore-Potash-Notice-of-AGM-002.pdf

Thanks for the details, Phil.

If you compare last year's AGM Resolutions, there was nothing about Technical assistance and issue of shares in lieu of payment. Maybe I m reading too much into this, but IMO, this could signify an important announcement about the project kicking off; why, otherwise, would you pre-emptively need such a detailed Resolution if there is no certainty about the project?
Of course I could be 100% wrong!
GLA

Would be nice to get a juicy RNS tomorrow!
But hopefully, by Thursday and have a super-positive AGM.