KP2

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5.8¢ kore potash plc

KP2 reports that next update is due in August. Only 2 Days until...

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Quest09

986 Posts.

137

29/07/22

15:41

Post #: 62814078
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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: ↑

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

KP2 reports that next update is due in August. Only 2 Days until August.

New announcements are due and could drop at any moment.

GLTAH.

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

0 Great analysis

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(20min delay)
Last 5.8¢		Change 0.000(0.00%)		Mkt cap ! $39.88M

Open	High	Low	Value	Volume
5.8¢	5.9¢	5.8¢	$5.046K	87K

Buyers (Bids)

No.	Vol.	Price($)
1	500000	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.9¢	256262	2

View Market Depth

No.	Vol.	Price($)
1	500000	0.057
2	1000000	0.056
2	110000	0.055
1	9433	0.053
1	16500	0.048

Price($)	Vol.	No.
0.059	256262	2
0.060	858611	3
0.061	51805	3
0.062	1023880	2
0.065	1032000	2

Last trade - 15.44pm 18/10/2024 (20 minute delay)

KP2 (ASX) Chart

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