K2P 0.00% 18.0¢ kore potash limited

there's a pink gold rush for potash, page-7

  1. 28,706 Posts.
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    mgt have done everything right to date, apart from waiting a wee bit too long to raise capital & being caught by major market downturn

    they raised around $60m, which was awesome. name an explorer that has raised $60m recently?

    $60m @ $1.25 = 48m shares
    $60m @ 1.75 = 34m shares

    the extra 14m shares is neglible dilution

    you either have to believe in the project or not

    ELM are now looking for a JV partner, offtake partner, takeover entity, whatever

    thus, they have done nothing wrong & remain making the right decisions

    if they can't find a partner it is due to the world economy rather than mgt

    if Vale do not want the project then that is a very conservative business decision reflective of the times



 
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