Ann: Correspondence received from the Minister of Mines, page-24

First 24 Last

Share
Profile

Follow
TheJackel70

82 Posts.

26/12/20

13:45

Post #: 49819157
Share

Originally posted by Gheko: ↑

We have a Tier1 potash asset that has only advanced over the years as exploration has progressed. We have been a victim of our own success with the scale of the project and associated capital costs getting out of the reach of a small company. The declining potash market has added to our problems, in a sector that is out of favour with investors, leading to a prolonged decline in the share price.
Our projects are long life,high grade and low cost . All essential components of a successfull resource project.What we have lacked is a plausible path to development.
We missed the initial surge in the potash market,however,our major shareholders have kept us in the game to take advantage of the eventual upturn in the commodity cycle. They were long term players with patient capital.
I have been a shareholder since 2012 and the main reason for staying was the quality of the resource. As the years passed it appeared the most likely path to development was the selling of equity in the project or a takeover. SQM on the register being the catalyst. Sometime ago the board knocked back an in formal T/O bid by the chinese of around 30c. The latest sharemarket action would indicate the maybe someone has got wind of possible corporate activity. All speculation, but I am glad I doubled my shareholding a few weeks ago at 1.2c. Interesting that SQM recently announced a large capital raising for development purposes.

Expand

yeh seems strange it spiked on both ASX and UK on no news. Not sure whats goin on to be honest

KP2 Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

First 24 Last

Add KP2 (ASX) to my watchlist

(20min delay)
Last 6.1¢		Change 0.000(0.00%)		Mkt cap ! $41.60M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Ann: Correspondence received from the Minister of Mines, page-24

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Cyclone signs MOU with Vale for development of Iron Bear play

Banshee's historic trenches prove rich in antimony and gold for GDM

Featured News

Featured News

Ann: Correspondence received from the Minister of Mines, page-24

Top Stories

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Cyclone signs MOU with Vale for development of Iron Bear play

Banshee's historic trenches prove rich in antimony and gold for GDM

Featured News

Featured News