KP2 (ASX) KP2 Discussion

KP2 kore potash plc

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Quest09

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29/04/24

17:22

Post #: 73564389
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Originally posted by Quest09: ↑

In addition to the above attached and of note, SQM, who is a top 2 major shareholder in KP2 is also a top shareholder in Azure Minerals (AZS).

As mentioned in the above attachment, SQM trades and sells fertilizer, so it makes sense that SQM would invest in a good quality fertilizer mining company in order to secure a good supply of fertilizer (potash).

SQM also trades and sells lithium. IMO that is why SQM is also a top shareholder of Azure Minerals (AZS), so that they can secure a supply of lithium for their company (see below image).

Interestingly, AZS did particularly well as a company in the last calendar year (see chart below). AZS shares went up about 2000% (or 20x) during 2023 between about January and November (see chart below). Price went from approx. $0.20c to approx. $4.00 at their peak (Mkt cap now about 1.6 billion dollars).

I do hope KP2 can replicate the 2000% (or 20x) increase in share price which AZS was able to achieve in the last calendar year (see chart below). They are both great and massive projects, and both have SQM as a substantial shareholder and a major backer, so that is at least a start.

GLTAH and DYOR.

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Originally posted by Quest09: ↑

High grade resource with a production cost which is among the lowest in the industry (USD $102/t MoP - see below image).

Project NPV is off the charts also:

At an MoP price of USD $360/t, project NPV is USD $1.6 billion (~ AUD $2.5 billion).

At an MoP price of USD $500/t, project NPV is USD 3.3 billion (~AUD $5 billion).

Expand

From the Quarterly Announcement, 29 April 2024:

"The Company is meeting PowerChina senior officials in Beijing in early May 2024 to materially progress the finalisation of the EPC contract."

"To materially progress the finalisation of the EPC contract". Does that mean contract signing will occur in "early May 2024".? Pretty much within the next two weeks.

Also:

"The Consortium has advised that the financing proposal for the total construction cost of Kola will be provided to the Company within six weeks of the execution of the EPC Contract."

Financing to be provided within 6 weeks of signing the EPC contract.

GLTAH =)

Originally posted by Quest09: ↑

Check out the % holdings of the top 20 shareholders.

The % holdings of substantial holders also shown below.

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KP2 Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.5¢		Change 0.001(2.27%)		Mkt cap ! $29.41M

Open	High	Low	Value	Volume
4.6¢	4.7¢	4.5¢	$149K	3.271M

Buyers (Bids)

No.	Vol.	Price($)
3	173345	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	101000	1

View Market Depth

No.	Vol.	Price($)
3	173345	0.045
1	315000	0.041
1	500000	0.035
1	500000	0.028
1	44888	0.021

Price($)	Vol.	No.
0.046	101000	1
0.047	30000	1
0.050	100000	1
0.052	187500	1
0.054	20200	1

Last trade - 15.56pm 18/06/2025 (20 minute delay)

KP2 (ASX) Chart

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