This part here is important. so CR may come soon. but can avoid by selling DX. or maybe in the General Meeting scheduled for 21 September 2023, KP2 can announce SQM and OIA will join the new issue as well to keep their %. That would worth $2M.
Based on the Group’s cash flow forecast the Group will need to access additional capital in Q4 2023 for the working capital
requirements for Kore Potash for the period up to receiving and accepting the EPC contract proposal from SEPCO and the
financing proposal for the complete construction of Kola from the Summit Consortium to ensure the realization of assets on an
orderly basis and the extinguishment of liabilities as and when they fall due. Upon accepting the EPC and financing for the
construction of Kola additional capital will be required or the working capital requirements of Kore Potash until the
commencement of production.
The Directors have reviewed the Group's overall position and outlook in respect of the matters identified above and are of the opinion that there are reasonable grounds to believe that funding will be secured and therefore that the operational and financial plans in place are achievable and accordingly the Group will be able to continue as a going concern and meet its obligations as and when they fall due.
The Directors are also aware that the Group has the option, if necessary, to relinquish certain projects and reduce administration costs in order to minimize its capital raising requirements.
Based on these facts, the Directors consider the going concern basis of preparation to be appropriate for this financial repo rt.
However, as at the date of this report the Company has not secured a fundraising through the issue of new equity and/or throu gh
debt funding. These conditions indicate that a material uncertainty exists which may cast significant doubt upon the Group’s ability
to continue as a going concern and the Group may therefore be unable to realise its assets and discharge its liabilities i n the
ordinary course of business.
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This part here is important. so CR may come soon. but can avoid...
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Last
6.0¢ |
Change
0.005(9.09%) |
Mkt cap ! $41.26M |
Open | High | Low | Value | Volume |
5.5¢ | 6.0¢ | 5.5¢ | $191.5K | 3.317M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 995605 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.057 |
2 | 200000 | 0.055 |
2 | 540000 | 0.054 |
4 | 1013808 | 0.053 |
2 | 500625 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 995605 | 3 |
0.062 | 1610711 | 4 |
0.063 | 102200 | 1 |
0.065 | 32000 | 1 |
0.069 | 30000 | 1 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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KP2 (ASX) Chart |