K2P 0.00% 18.0¢ kore potash limited

Ann: Quarterly Activities and Cashflow Report , page-2

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  1. DSD
    15,757 Posts.
    Nothing new in qtrly but at least it didn't have any 'surprises'. Burning cash at 4m/month but mostly on drilling. Big news is PFS due in August. Strong recent vols and rise in SP give me confidence. Undoubtedly a world class Potash resource. Other news is that recent elctions went (by African standards) pretty smoothly. Ruling party re-elected with huge majority. Not saying govt isn't oppressive. Simply saying a coup/revolution doesn't appear likely before Xmas. Highish risk/high reward play.
 
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