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Anum, was that AFTER 09.37am on 7th Nov (UK time)?

Maybe by 7.59 am? B4 commencement of trading...unless they will suspend KP2 trading from AIM too, pending the release?

"KP2 expects the trading halt to last until an announcement is made relating to this matter, which will be no later than before commencement of trading on Monday 11 November 2024;"

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02877833-6A1236483

Although, I should add the caveat that the ASX Rule talks about "not later than the start of the 2nd trading day after the halt"; if the halt on ASX occurred during Thursday's ASX trading, then RNS could be out Monday ASX start; if it was after ASX had shut on Thursday, then 2nd trading day start is Tuesday ASX time BUT Rule says "the latest" i.e Monday morning UK time is still possible.

London is the man listing; so IMO it's 7am (or later, maybe) UK time.

They r welcome to get offtake at mkt prices; SQM wants Congo potash to diversify from Chile, Oman to feed its people, the state will probably want some for its own agriculture; all parties need potash for their own reasons; unless PChina offers a lot of money (15p+), nobody would sell up. IMO

Good luck tomorrow!

IMO, it'd be highly unusual for pricing below mkt rates, just to benefit China; this would be against the interest of all S/holders, which include the state (10% soon), other Chinese (15%+), Omanis and SQM, who have patiently invested millions over the past few years; plus, financing would be more difficult if NPV was much lower due to lower potash sale prices; but what do I know? let's wait another 12 hours or so.

HIgher than 50% chance of good news IMO, given volumes, activity etc; plus Co needs still to raise funds from investors for the mine so, if they cause recent investors to lose money within a few days of the last fund raise, who will invest next time?

Stocky, the below June RNS implies that the material news are probably PCHINA related, in some way; we will know on Monday latest.

https://www.lse.co.uk/rns/KP2/epc-update-l331t3kqdfjfi8z.html

"A further session with PowerChina in either Beijing or Dubai is now planned for early July 2024. Furthermore, PowerChina has expressed interest in operating the mine after construction and the Company now also expects to receive a draft Operating proposal from the Chinese company in July 2024."

Full Chinese takeover might cause political & other complications IMO; Omanis and SQM do not need to sell, they invested strategically; more likely IMO, given the need to raise 50-100mln - maybe- to kick off construction, would be the Chinese buying a 10-20% equity stake.

Just a reminder of this post I made back in June!

2 useful links, 1st one refers to Rule 17.1; 2nd one , if you look at 17.1..1 and the example therein indicate RNS tomorrow, or (more probable), Monday 11th (the latest).

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02877833-6A1236483

https://www.asx.com.au/documents/rules/Chapter17.pdf

This is it IMO, EPC RNS on Monday!

That signing will be on this weekend and RNS issued next Monday 11th...maybe intention was for next weekend but the Chinese / or the Minister asked for a change?

Given the "halt" and the comment about "material" info released with the EPC, it's a certainty now that the SP has further to jump (to 4-5p?) by the 18th (or 11th).

GLA!

Re the Chinese, their intentions will be clearer in 2 weeks; re sanctions, Russian potash is actually not sanctioned but war end would make sales easier for the Russians and could also be bale to invest more in their mines etc.

Tnx 99; Trump and Potash? I see 2 possible effects;

1) he ceases help to Ukraine, war stops and RUS/Belarus potash is back in the markets; prices drop?

2) inflation, Int rates rise so making cost of finance for the mine higher, lowers NPV;

Can anyone see this hidden 8th trade? Very curious to see

Trades and rise today indicate IMO that the material news of the 19th will push the SP up.

Mitch, it says "existing investors.." so, not necessarily SQM and/or the Omanis; maybe it was too small an amount for them, or they - more likely - are also subject to trade restrictions due to inside information; so, IMO, this is not a negative development.

IMO the significant point is the "unpublished inside info"; this implies that - on the 19th? - the SP will move, possibly materially; question is, Up or Down? As the EPC will be signed and details of Chinese involvement will be released, my money is on the UP scenario; the new investors would probably not invest had they expected (or led to expect) a Down movement; if the Chairman expects that the SP will rise, say 30-50%, the NOMAD would prevent investing (as opposed to a fall), right?

Seems buyers are keeping their powder dry; maybe waiting to see what Trump does next week? not to impact KP2, whatever happens IMO