If you look at the political background in Thailand the last two years, you will realise that indeed plant 1 refurb conducted with onsite personnel is a decision the local Thais would like and possibly strongly encouraged.
And of course yes, we were forced into a cap raise instead of debt because the finance approval process is not as you would assume in Thailand.
I also would not be surprised if there is a placement (without a SPP) very soon, for extra working capital. All of us shareholders at present surely hope I am wrong with this one. This placement will let the shorters off the hook and then the SP will be allowed to run to $8 (over the next two years)
KCN Price at posting:
$1.25 Sentiment: Buy Disclosure: Held
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