Ann: Epanko Bankable Feasibility Study, page-34

many posts, over the last few months, have speculated that the BFS would NOT spike the sp on it's release.
A BFS is very anticipated news and only a really negative one would "surprise" the Market and spike/gap DOWN the sp. Haven't seen such a negative BFS effect but this Market so what, no action sentiment was also for SYR release and a TSEr Energiser of Madagascar.

However as pavbar has pointed out a BFS with KNL's qualities is a 'milestone' Fundamentally. It is reputedly the pre condition for [a] Rock Solid, Will Happen Offtake Contracts. Preferably with Ca$h on the Table and then Financial Institution Debt Capex Funding.
Left Field perhaps another OffTaker could pop up but I'd rather existing Offtakes were confirmed definitely with perhaps the Euro Trader upping from 10kts to 20kts.

Anyhow IMO most existing KNL holders are all stocked up with SSP and Placement 17 centers along with the buying in last 4 months around 20. I for one have my truck backed up and packed. I got "caught" by the time line blowing out, the expectation TK etc would DO something before now. Yet now the "wisdom" is in 3 days to 3 weeks! and even then dang Development Bank could take til October!!

On Top of that I'm suppose to be Re Assured that dang Institutions are now going to get 'interested' because of the BFS!! and Buy on Market/ Well I'm Jaded and I reckon Bleeding Institutions are on a par with dang Sophisticated Investors and usually Institutions take Equity Positions by Placements etc. Get their Million + Holdings that way, take Substantial 5% Holdings all in one discounted Gulp.

Ever seen a Substantial Holder notice of an Institution that bought ON Market? Where it's filled out correctly showing date/volume/ price paid in their accumulation?
It can be Ten or More Pages long of Figures in Columns and it sets out Buying and SELLING intra day of anything from a 10 share parcel [bot multiple] to say 50k 'hits' but nb they sell too not just buy. It's nett accumulation.

Pilgrims to Mammon such a Institution Sub Holder Notice is written proof of Capping/ Tree Shaking/ Rings and Big Boy Rorts in the quest to Buy Low Sell Higher. My Point is Never think Institutions are Fools with too much money.
Anyhow a Study of KNL is that it's Feasible. With the current Register diluted by the up coming options etc it has what? around 200 mil shares on Issue.

Now what is needed is for the Pure FA Fundamentalists to churn through proposed Equity/Debt Ratios against the Required Capex [Is it $70mil] so some Idea of how much/how many shares at what projected price the bleeding Institutions will take their Chop because I for one am all tapped out for contributing by Rights/SSP/ whatever more in Equity personally.

Wanna know my darkest thought?
That SGL and Krupp have been On Market Accumulating all this year.
They are the Who that's been Capping

Get On With It, ya bludgers!! Even 40 cents Mammon would be worth the Pilgrimage!!

cheers