hangon
- 02 Aug 2018 15:51
DYOR.
You'd think a large region of Congo with a potash mine would be a stonking investment, even at the 10.5p IPO in April 2018 - but look further and the sp has halved in 4-months which can't be good, so maybe they haven't been too busy - or the mine is barely a hole in the ground.
Looking at the sp graph I see these shares appear to be 0.001USD - and I wonder if this is right for an AIM-listing . . . partly because it will be subject to currency-movements and also it's more difficult to trade ( or is it?).
Has anyone invested in this and knows a lot more than I? ( That would be easy, really ) - I'd like to know how this stacks against Sirius Minerals, which is still a long way away from product and needs Ooodles of cash in the meanwhile.
I wonder if, apart from the "Distance-Risk" (( where YOU can't go there yourself)), KP2 will be sending round a series of begging-letters for mine-development and bungz.
EDIT ( 15Nov2018)- I missed the 3p sp rising to 8p ( Wow! ), as a result of the French mining report that ( presumably - what else?), there is potash down these. A welcome profit for some investors, but as I read it - mining has yet to start and this will mean road-building provision for electrical power etc. Also, I'm not aware that any part of middle-Africa is exactly "stable" being easily overrun by folks fleeing, or just encroachment, Political interference, etc..
EDIT (14Feb2019)-sp 3p5 doesn't look too good. Congo is a long way away and politics can change quickly.