KP2 kore potash plc

2.17%

4.5¢

Exciting Times For KP2, page-286

First 286 Last

Share
Profile

Follow
Quest09

1,845 Posts.

174

29/07/22

16:31

Post #: 62816042
Share

Originally posted by gilbo67: ↑

that was when they changed name from elemental minerals. I bought them when elental

Expand

Yes. They have a longer history as Elemental Minerals. Didn't Dingyi Group offer to buy the mining rights for Kola from Elemental for 160 million dollars back in 2013.?

Following links show that so much has been achieved since the 160 million dollar valuation, but current market cap is only approx 65 million. Such a bargain at these prices IMO.!

Originally posted by Quest09: ↑

Below screenshots taken from the market announcement dated 18 July 2022.

KP2 states that:
"Separate from the Consortium’s activity, Kore Potash’s management team also continued discussions with potential offtake partners with the capability to procure all the Kola production and who have expressed interest in partnering with the Company."

Wonder if an "Offtake Agreement" announcement is around the corner.?

Expand

Originally posted by Quest09: ↑

A second broker has just added a "strong buy" recommendation to KP2 (as per below image). Fair value at 4c.

Previous status attached above.

KP2 is sitting on a resource worth billions of dollars, and has clearly stated an expectation that it is about to receive 1.8 billion dollars in project financing within the next few months.

KP2 has clearly stated an expectation that project construction is expected to start in January 2023.

At current potash prices, project NPV is over 9 billion dollars.

KP2 currently sitting on 7.5 million in the bank, which equals more than 10% of its current market cap. Company is fully funded up to expected receipt of project financing.

All of these achievements, and current market cap is about 68 million.

KP2 seems so undervalued.! Two brokers now applying a "strong buy" recommendation.

IMO KP2 is about to breakout big time.

Expand

Originally posted by Quest09: ↑

KP2 has clearly reported an expectation that it will be fully funded for project construction within the next few months, and has reported a clear expectation that project construction will begin in January 2023.

IMO, the current share price and current MC does not reflect these achievements.

KP2 has just reported that it is expecting to receive $1.8 billion dollars in funding in the very near future, and it still currently has a small market cap of approx 70 million.

KP2 is significantly undervalued and under appreciated IMO.

Expand

Originally posted by Quest09: ↑

Quotes taken from the Heads of Agreement announcement released to market on 28 June 2022:

"The Summit Consortium (“Consortium”) have reaffirmed their commitment to provide Kore with a financing proposal for the full construction cost of Kola, and that the financing proposal will be provided after Kore has received the EPC proposal and has agreed with SEPCO on the key EPC terms."

"The Heads of Agreement with SEPCO reconfirms their commitment to advance from the completed Kola optimisation phase, to construction contract formation and then into construction of Kola. We look forward now to receiving the EPC contract proposal.”

Click following link for full announcement: KORE SIGNS HEADS OF AGREEMENT FOR CONSTRUCTION OF KOLA

Expand

Last edited by Quest09: 29/07/22

KP2 Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

PIQ

Proteomics notches up as company launches PromarkerD into the US

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

First 286 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 4.5¢		Change -0.001(2.17%)		Mkt cap ! $29.41M

Open	High	Low	Value	Volume
4.6¢	4.6¢	4.2¢	$37.96K	841.9K

Buyers (Bids)

No.	Vol.	Price($)
2	179798	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	315000	0.041
1	500000	0.035
1	500000	0.028
1	44888	0.021
0	0	0.000

Price($)	Vol.	No.
0.048	50000	1
0.050	555555	1
0.052	177000	1
0.054	20200	1
0.055	150271	2

Last trade - 15.56pm 20/06/2025 (20 minute delay)

KP2 (ASX) Chart

Exciting Times For KP2, page-286

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Proteomics notches up as company launches PromarkerD into the US

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Exciting Times For KP2, page-286

Top Stories

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Proteomics notches up as company launches PromarkerD into the US

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News