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Kore Potash PLC ( (GB:KP2) ) just unveiled an update.
Kore Potash has extended the closing date of its Cleansing Prospectus offer, under which certain investors may apply for up to 7,000 CHESS Depositary Interests (CDIs) at AUD0.058 each, to 5:00pm Sydney time on 31 May 2026, while retaining the right to close the offer early or extend it further. The primary purpose of the Cleansing Prospectus is to remove trading restrictions on securities previously issued without full disclosure, a step that is expected to enhance liquidity and flexibility in the company’s capital management as it continues to develop its Kola and DX potash projects in the Republic of Congo.
The most recent analyst rating on (GB:KP2) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Kore Potash PLC stock, see the GB:KP2 Stock Forecast page.
Spark’s Take on GB:KP2 Stock
According to Spark, TipRanks’ AI Analyst, GB:KP2 is a Neutral.
The score is held down primarily by weak financial performance—revenue dropping to zero in 2024, persistent losses, and recent negative operating/free cash flow—partly offset by a deleveraged 2024 balance sheet. Technicals are broadly neutral, while valuation is difficult to support given negative earnings and no stated dividend yield.
To see Spark’s full report on GB:KP2 stock, click here.
More about Kore Potash PLC
Kore Potash Plc is a potash development company focused on the Sintoukola Basin in the Republic of Congo, where it holds a 97% interest in the flagship Kola Potash Project and the Dougou Extension (DX) Potash Project. The company targets the global fertiliser market by advancing large-scale potash resources that could support long-term production for agricultural nutrient supply.
Average Trading Volume: 852,567
Technical Sentiment Signal: Buy
Current Market Cap: £168.2M
See more data about KP2 stock on TipRanks’ Stock Analysis page.