I know this question doesn't have a right or wrong answer but what are your thoughts on a 25m mine developer that is 17 months out from production having debt of 70m on the balance sheet ?
Does the market go wow 100% owned project (no pesky JV's), top notch experiences management, first class project, blue chip partners with "major German groups" safest country in Africa to build a mine, extremely attractive economics, ...lets buy as much as we can of KNL now that KNL's only risks are timely construction of the plant and infrastructure, and then commissioning. Or does this nonsense just drag on till cash is rolling in?
My guess is that it's all currently based on sentiment which for graphite is bad and resources , which is even worse.
Lithium sector interestingly is having a huge surge and I think it should rub off in graphite stocks sooner or later. Why isn't there a closer correlation between graphite and lithium stocks ? I'm guessing that the battery revolution is still in its infancy and we will see a closing of the gap in due course once the wheat is sorted from the chaff
KNL Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
