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Kropz hits the buffers over Elandsfontein

South Africa-focused phosphate company Kropz has suffered a 40% dip in its share price after reporting the "complex" orebody at its main Elandsfontein project won't yield a high-enough product grade from its planned processing circuit. An appeal against the company’s water licence has not helped either.

Elliott Holley
Kropz shares have fallen on the realisation that Elandsfontein's ore will be lower grade than anticipated

Kropz shares have fallen on the realisation that Elandsfontein's ore will be lower grade than anticipated

AIM-listed Kropz (AIM: KRPZ)'s share price dropped from 15p to just 9p on Thursday - a bruising fall. The company's shares were worth 42p in December last year. Kropz has invested US$120 million on...

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