The elephant in the room is how does a company with only a market cap of $30mil finance such a huge/capital intensive project? The resource is tier 1,the location is ideal, the consortium backing the construction etc have the capability to deliver,we have institutional support, the commodity price is OK,sovereign risk is tolerable for Africa,but where does our equity component come from and what will the level of borrowings be? There are a number of combined alternatives such offtakes with upfront payments,selling future royalties, reducing ownership levels.However, while this uncertainty remains, the upside in the share price,although good in the short term,will be limited. Finance approval will likely result in a massive re-rating and a sustained surge in the share price. That is the light at the end of the tunnel we are all waiting for. Next hurdle will be construction risk followed by commissioning. Success will see us owning a blue chip, world class potash producer. It will be a wild ride and extremely rewarding for those shareholders who stay the distance. My thoughts only, but it puts a big smile on my face just thinking about the potential we are sitting on here!!
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kore potash plc
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Last
4.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.98M |
Open | High | Low | Value | Volume |
4.4¢ | 4.4¢ | 4.4¢ | $19 | 428 |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 626266 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.5¢ | 242294 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 126266 | 0.042 |
3 | 405000 | 0.040 |
1 | 500000 | 0.035 |
1 | 500000 | 0.025 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.045 | 242294 | 2 |
0.047 | 100000 | 1 |
0.049 | 176210 | 1 |
0.050 | 145500 | 2 |
0.054 | 20200 | 1 |
Last trade - 12.15pm 25/07/2025 (20 minute delay) ? |
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