Ann: Board and Management Changes, page-52

I have a rule of thumb that says Mr Market does not recognise the value of projects >12 months out. Not a rigid measure, more a guide.

As the probability of the FS being realised increases, so does the value.

As well as being a brand new industry, KLL understandably has to overcome considerable scepticism due to its emergency CR. Holders should anticipate a considerable delay before the true value begins to be reflected in the share price, say six months to completion or end of 1Q 21.

Progress reports will be closely scrutinised. Any construction delays and the price will be smacked.

I note the very low volumes being transacted.

Don't think me down ramping - I am seriously overweight KLL.

IMHO

Ash