Yeah, this above attached post is factually incorrect. The...

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Quest09

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10/06/25

21:02

Post #: 79383620
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Originally posted by Nepton1983: ↑

This non-binding term-sheet is not a good outcome. KP2 has been negotiating with Summit for a term-sheet for ages. Now out of nowhere they sign a non-binding term-sheet with subsidiary of Record a UK listed fx hedging firm with a £100m market cap. Record has no history of doing any large size debt & royalty funding deals in the mineral space.
I think the Summit deal failed and the KP2 management was desperate to come up with anything. What they came up with is not even worth the paper its written on.

The language in this RNS is so thin it’s a joke “indicated its intention” which basically means that OWI-RAMS has committed to nothing.

“Pursuant to the non-binding Term Sheets, OWI-RAMS has indicated its intention to arrange and then provide a funding package for the Kola Project, amounting to approximately US$2.2 billion, through a blend of senior secured project finance and royalty financing.”

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Yeah, this above attached post is factually incorrect.

The Summit Consortium is still very much a part of this deal.

Powerchina is part of the Summit Consortium, and i believe OWI also joined the Summit Consortium too. The Summit Consortium is an association of many different companies which came together to make this deal happen. Summit are still very much involved in the deal.

KP2 Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
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Last 4.5¢		Change -0.007(13.5%)		Mkt cap ! $29.41M

Open	High	Low	Value	Volume
4.6¢	4.7¢	4.4¢	$84.28K	1.869M

Buyers (Bids)

No.	Vol.	Price($)
1	2783	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	202500	1

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No.	Vol.	Price($)
1	2783	0.044
1	100000	0.043
1	50000	0.042
3	493083	0.041
1	500000	0.035

Price($)	Vol.	No.
0.048	202500	1
0.049	50000	1
0.050	100000	1
0.051	200000	1
0.052	187500	1

Last trade - 15.57pm 16/06/2025 (20 minute delay)

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