Ann: BSOPP Feasibility Study Complete - New 120ktpa Base Case, page-159

Has anyone managed to speak to management in the past 24hours either via email or phone. I was crazy busy yesterday but they are going to have to pleasure of a conversation with me today. That announcement was a real WTF moment from management. The way it is written…I’m dumbfounded…considering what is unfolding over at SO4 and the history of KLL itself. The lack of detail has left people guessing and let imaginations run wild.

I cannot fathom that they would ever consider raising before SOP is coming out the other end. If they released that via placement they had secured the cash to start debottlenecking i dont think market has an issue with that. Far cry from the pile of sheet that was served up though.

Trying to sneak the completion date out A bit was the first thing that jumped out at me too. Sure the market didnt like that either.

All being said there was already a good degree of risk built into the share price post SO4, i cant help but think the current M.C is a bit ridiculous considering.