KRPZ

Kropz PLC

Basic Resources First-pass screen £24m

230/1000 Overall fit

AI beneficiary 35% 5

Operating leverage 25% 38

Valuation 25% 30

Downside protection 15% 28

First-pass take

Pre-revenue phosphate miner with zero AI exposure; depends on single project in ramp-up phase already showing execution delays. Secondary project unfunded. Massive shareholder dilution (ARC 87%+). 2021 report is stale; current state unknown.

Flags

loss-makingdevelopment-stageexecution-riskcommodity-exposedsingle-projecthigh-dilutionno-valuation-datastale-data