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I appreciate s/h don't want to throw the baby out with the bathwater, nor catastrophise, but I don't see any reason whatsoever to be optimistic as I type. Another letter from the Minister of Mines - Paul, I don't think this can be described as hype - I don't think the ministry will just keep sending the occasional tee'd off note.
Whatever levers are being pulled here, Kp2 is not in a position with all that much leverage - it's ultimately a middleman - it isn't financing, providing the raw resource, nor constructing the plant - the value it *should* provide is facilitation and expediency. If it can't do that, I wouldn't be surprised if various parties would look to disintermediate it. Sorry to be a debbie downer.
If going by "buy the rumour sell the news", regrettably it seems there is no rumour to buy, at least not yet. For those holding, keep the faith, such projects take years - they drilled the north sea to death before they struck oil.
I do (unfortunately) expect some dumping towards the end of August if nothing meaty is forthcoming soon. As someone much cleverer pointed out a couple of months back, even if there is no official RNS or release, good news should be at least leaking by this time. Happy to be proven wrong, for the record.
LT I stand corrected, I had misremembered that other sell.
Nevertheless I'm not going anywhere. Entirely possible for announcements to take longer, or for there to be speedbumps. It's a massive undertaking involving big numbers, a multitude of institutions, not to mention government. North sea oil took 20 years!
Even someone with brain injury can see the relevance of mentioning Kanga as similar/analogous in geography, methodology, infrastructure and so on. But you know that already.
ALB1, let's just be honest for a minute. You have clearly dumped your stock; as is your right to do, people buy and sell stock all the time, and tbqh most of us are on the wrong side of timing or information more often than not because we're all basically chimps. But all of this endless, superficial deramping *stinks* of you having dumped at a loss, and wanting to validate or vindicate that decision by seeing the share price fall. So you'll say anything in the hope that it does. If it gets killed, you can feel better about taking a bath on the stock because you got out earlier.
Most people who time an investment badly, or exercise bad judgement, or sell impulsively, or simply let emotions get the better of them feel crappy for a day or two and then get on with their lives and concentrate on efforts to be productive elsewhere. I recommend you give that a go. I wish you well, you will find better fortune elsewhere no doubt.
Agree that we've had no such ramp (though some solid movement from the lows), but by the same token that you mention a lack of inside buying, wouldn't we also see a bunch of inside dumping (as in 2019) if the news was bad/no news? I see no selling...
Kore is my largest single shareholding by a country mile. Surely this is KP2's time. A few false dawns but entirely to be expected in such an undertaking, but surely its time is now. Not intending to sell on the announcement pop btw, in this for a few years yet. GL all.
Hi appreciate this is not necessarily that helpful a question but I am curious to know what timeline (short/medium/long) shareholders are intending to run with for KP2 - FID/breaking ground/year n of production etc. Curious also to where you see cap and sp at each of these stages. With thanks in advance!