I am out of KRC (at a significant loss), page-49

I wasn't going to reply, but seeing it closed 10% down I feel I have some leg to stand on.

Yes, other spec stocks have issues. That's why they are speculative stocks. I can't find a spec stock that doesn't have issues. If you do, please let me know.

However, from a LT point of view ... this SS showcases a $150/t profit. You then need to factor in the 0.8 exchange rate (which is relatively conservative, I suppose). That's the tip of the iceberg.

In all honesty, looks to me like they fed investors a media advert to prop up the MC and SP, then hit you with a very half-arsed SS on top of delayed assays. It actually frustrates me that this company can get away with it. You are all holding on like it's going to turn for the better because of the vanadium SS inbound ... However, chances are with KRCs grades, the opex will also be poor relative to competitors. IF so, the market will most likely then sell it down again, unless it's better than competitors PFSs and base-cases. Seems to be the trend.

You haven't even seen the capex figures yet. This SS simply sugar-coated its profitability, avoiding the 'nasty' factors, and look at it ...

Once you factor in capex, then comes the idea of how long it'll take to repay finances (assuming you get financed). Then depending on the capex, you will understand the IRR based on a $150/t profitability.

And before I get hate comments, I for one appreciate differing opinions. Hoping this helps some investors understand why it was sold down today.

GLAH.