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Kore Potash Plc (KP2)

London
Currency in GBP
Disclaimer
0.515
0.000(0.00%)
Closed

KP2 Price Commentary

1.25p with positive RNS today
Happy New Year 2022. Potash prices thru the roof and Kore languishing circa 1p
topped up at 1.05p yes not 1.5p!
Kola Project funding MoU 1.79p BUY
1.59p hello 👋
1.05p moving the right way
I'm in 0.7p hoping they do it the Congo
That worked now 1.9p 🙌
#KORE
Inspite of a recent spike in growth June 2020 nobody is selling this share easily. It is a bidding war to buy a meaningful amount of these shares indicating that share holders are holding on to these shares like crazy.
Why is this?
Well here is the bad then the good. The bad, they have no revenue income, there is no active production, mine is in the Congo which scares most investors. The good, they have a 25 year mining permit, it is the most profitable potash mine x3 sites next to each other when they are operational in 2023. They will have no debt in 2028. The mine is in a logistical sweet spot. Right now you are actually paying nothing for a share that is worth little right now. But those who buy these shares are holding on for a few years as the share price will be your money x 20 and upwards once actual production results are announced 1st year. Investors like guarantees, the odds inspite of the time and risks makes this a share few people want to dispose of right now
Also once in production, big chance of either being delisted or taken over by another company meaning pay day for shareholders if either occurs.
buy NSE Indian Cox&king stock at any level bellow 10 it will be go above 50 rupees inr.
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