K2P 0.00% 18.0¢ kore potash limited

Ann: Trading Halt, page-10

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 26,847 Posts.
    lightbulb Created with Sketch. 1841
    The total capex, the company estimated was $1.7b, and production in 2015, which is impossible.
    (per company's recent announce, all-in cost was $124/t)

    The main reason halts my buy, the company needs a clear direction which way they are going, taking to production or being taken over/selling the project. I will prefer to latter one.
    Currently they just keep raising capital on drilling. They have big enough resource, not worth to spend millions of dollars every quarter. Just dilute share holdings.
    Last edited by 8horse: 07/09/14
 
watchlist Created with Sketch. Add K2P (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.