The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Johnny - that depends on when you came across KP2 and what price you got in at.
For anyone who has invested in the past twelve month, there will be short term gains to be had.
For anyone, like me, who invested 5 years ago and is a long tern holder, the payoff will be further away.
Rock, please. MMs do not influence this share at all. KP2 just doesn't do enough turnover to warrant any interest from the MMs.
What is more like if today's dealings are all buys is that KP2 leaks. Always has. The best sign of upcoming good news will be an increase in significant buys, so you might be correct about a big impending announcement.
But forget MMs. They have zero influence on the current price of KP2. Hopefully one day the share price and transaction level will be high enough for them to take an interest, but at current levels it just doesn't happen.
Its a difficult climate to raise finance for anything at present, but the Kanga RNS hopefully will push KP2 and their partners into an early conclusion!
As regards Albi, his negative comments are well over the top. But newbies to KP2 need to remember that the share price is where its at for a reason. Its only when we have finance agreed that the share price will swing.
Thanks for all the comments. I totally agree, although Kanga is a competitor in a sense, development can only be good for KP2, especially in relation to infrastructure in the area.
I also like the offtake letters of intent Kanga already have, even though their development I assume is behind KP2 in testing etc.
No reason why we shouldn't be seeing a similar RNS on financing and offtake from KP2 in a few months.
Another potash mine located, I think, close to KP2.
Does anyone know anything about it? Its the first time I have come across it.
https://www.investegate.co.uk/kanga-potash/rns/kanga-potash-granted-mop-production-licence/202207200700090413T/
Thank you Veteran for that excellent write-up.
I assume AT will be receiving shares instead of salary. Its never been mentioned how many he has accumulated, but my impression is that a successful outcome for Zioc would be life-changing for AT, as well as for Clifford - and possibly many of us too.
On the points others have raised about KP2. I also do not think their infrastructure will be of any great use to Zioc. However the key for me with KP2 will be a major mining project in the ROC getting major finance for (as far as I know) the first time.
In my view KP2 getting off the ground would increase the confidence of third parties investing in Zioc. At present nobody seems to want to take that risk at all, despite the huge potential of the asset.
That sounds more than interested,Veteran. Hopefully your chat with AT will take place, and hopefully too he will give you permission to report a few things back to the forum. I seem to remember Extrader did something similar after speaking to him late last year?
Either way, anything you are wiling to share would be gratefully received by many, I'm sure!
Two interesting things for me in what is otherwise an "as you were" update (otherwise known as "nothing is happening"):-
1. As others have mentioned, the Glencore loan is interesting. I might be wrong, but I think that is the first time such a loan has been actioned. I would hope its an indication that Glencore still have hopes for Zioc, even if the loan is just to tide things over until something (anything) comes out of...
2. "Increased engagement underway with other mining project developers in RoC to explore potential collaboration opportunities, especially in relation to logistics solutions and alternatives for upgrades to existing infrastructure"
This does make sense, especially with KP2 supposedly close to getting finance settled later this year, and also needing infrastructure for a route to market
The mention also possibly shows that an EPC is still in ZIOC's mind, even if Chinese/COIDEC interest is seemingly long gone.
Overall though, we are in for a very dull and depressing year or so as regards news, with only speculation about whether AT is still there to keep us amused.
I just think we are in a total stalemate situation. China have lost interest. Glencore do not want to develope the mine themselves, but equally do not want it to sell it to a competitor without retaining some distribution rights. And who would invest under those circumstances?
Personally I don't think there has ever been a serious offer from anyone as regards an actual sale of ZIOC, which may or may not be due to the presence of Glencore.
So a total stalemate, which is most likely why AT has lost interest and is concentrating on his new venture.
However that is absolutely no excuse for ZIOC not communicating with shareholders, even if no progress is being made.
I'm also a long term holder of both shares. Both hugely undervalued I agree.
My hope is that a spade in the ground for KP2 will convince others that developing a mine in this country actually IS possible. Fingers crossed!
""As a long term shareholder"
Mitch your full of it. You're the same tool who was trolling the share saying 'Nothing was going to happen quickly'
You bought ZIOC and you felt sad."
...and nothing is happening quickly, is it? Just the same as with Zioc, who are sat on a similar immense resource in the same country.
All I'm trying to point out to anyone who has bought in the last six months expecting things to take off, is you will have to be patient.
I bought both KP2 and Zioc several years ago expecting to have multi-bagged by now. I still expect to achieve that - but "when" I have given up on trying to predict.
HtotheK - instead of calling me a tool, what factual info do you have to contradict that? None. Just like mine, its an opinion - which is what this board is all about.
As a long term shareholder, can I just respectfully remind recent holders of my post below from May. Not mentione in my post, in my five years of holding KP2, they have hardly ever been "on time" with an anticipated/important RNS.
I fully believe in the long term prospects for the resource. I don't fully believe unfortunately in the KP2 management or the willingness of the goverment of the ROC to assist in bringing the resource to market (the infrastructure to transport the potash out of the country is not there at present and needs government co-operation).
Anyway, lets see. I am still optimistic, but at the same time pessimstic as to whether my KP2 shares will pay off to the benefit of myself (fingers crossed) or my grandchildren!
This was my May post:-
"Just a tempered warning about KP2. Firstly the market makers are not holding down the share price pending news. The trading volume in this share is way too small for any MM to take an active interest.
Secondly regarding the impending/possible funding news. There has been zero increase in the share price in anticipation.of said news. If funding had been agreed or even close to being agreed, believe me, there would have been significant buying.
Why? Because KP2 leaks. I bought this share in 2018. It rose to 8p in 2019 in anticipation of the release of the January 2019 Kola DFS. However in the weeks directly before the RNS the share price collapsed. Then the DFS came out revealing how expensive the project was. A co-incidence? Maybe, but hard to imagine.
That is why I am pessimistic about the impending funding news. If it was positive, we would see some serious buying from people who are "in the know", but shouldn't be.
I do hope I'm wrong because, like many, I fully believe in the quality and potential of this project and I'm here for the long haul. I just don't have 100% confidence I'm afraid.
And before I'm denounced as a de-ramper, I really do not want any more shares, thank you. And the share price can't really be de-ramped any lower than it already is anyway."
C'mon guys. Lets have a bit of realism here.
The address change is purely a change in the registered address of the UK company. KP2 do not, and never have had, a staffed office in the UK.
And please, lets stop this claim that MMs are holding down the price. This is a penny share on AIM. Yes it has tremendous potential, but it is of no interest to any MM. There is not the daily volume to earn a MM more than enough profit to buy himself an extra coffee at lunchtime.
The movement in the share price, both up and down, for the last two years has been driven solely by small investors like ourselves on boards like this.
That will be the case until we get an RSN that states financing is in place and gives an actual date for construction of the mine to actually start. That could be in one year, two years, or (with how slowly things move in the ROC) twenty years. Until then, its speculative investors like us with our small buys and sells that determine the day to day share price.
Just a tempered warning about KP2. Firstly the market makers are not holding down the share price pending news. The trading volume in this share is way too small for any MM to take an active interest.
Secondly regarding the impending/possible funding news. There has been zero increase in the share price in anticipation.of said news. If funding had been agreed or even close to being agreed, believe me, there would have been significant buying.
Why? Because KP2 leaks. I bought this share in 2018. It rose to 8p in 2019 in anticipation of the release of the January 2019 Kola DFS. However in the weeks directly before the RNS the share price collapsed. Then the DFS came out revealing how expensive the project was. A co-incidence? Maybe, but hard to imagine.
That is why I am pessimistic about the impending funding news. If it was positive, we would see some serious buying from people who are "in the know", but shouldn't be.
I do hope I'm wrong because, like many, I fully believe in the quality and potential of this project and I'm here for the long haul. I just don't have 100% confidence I'm afraid.
And before I'm denounced as a de-ramper, I really do not want any more shares, thank you. And the share prioce can't really be de-ramped any lower than it already is anyway.
C'Mon LT. You know better than that.
The "Market Makers" have no interest whatsever in a share as small as this and with such small £ volume trading.
Do you seriously think they would manipulate the price to make maybe £50 when they have far far bigger fish to get involved in?
The price of KP2 is driven solely by small traders buying/selling and computer algorithms. There is, and never has been, enough profit in it for any MM to spend one minute of their time "preparing the ground".
AT's other company has been busy.
https://www.investegate.co.uk/cornish-metals-inc.--cusn-/rns/results-of-special-meeting-of-shareholders/202205200700072338M/
Maybe once this placing is complete he will get back to what is supposed to be his main employment - at Zioc!
Its only libellous if it is not accurate.
And Blaimthrower's post is 100% accurate.
KP2 does look to be further ahead at present, with an announcement due on financing next month. Although there is no guarantee that financing will actually have been acquired by then.
Hopefully it is, as the only thing that will get things moving in ROC is a major mine actually breaking dirt. If that is KP2, then it might prompt action on ZIOC.
At the moment no major seems to be showing any interest - or courage - in investing in mining in the country, despite the quantity/quality of Zanaga's iron ore and KP2's potash.
Thanks to Paul, Phil and LT for those comments, which were very useful and re-assuring.
I think I am jaundiced a bit by my investment in Zioc (in the same country) which has a similar high quality resource that China and other countries desperately need (iron ore) and for which prices have risen dramatically from a few years ago. But there has been zero progress in getting it out of the ground - even when a major like Glencore has a 50% share.
I'm hoping KP2 actually gets to the spades-in-the-ground stage soon, as a major project getting underway might be what the ROC needs to kick start mining in the country. At present there seems to be a huge reluctance to do anything there.