"In order to move AB towards a ready for finance stage KML need a few multiples of they cash they are raising. The market would struggle to back them imo if the vendor takes most of the IPO cash leaving KML with another CR around the corner. The hurdle rates are MCT throwing some bones in such that the IPO can have any chance of success. Seems MCT management will also have board positions...
My bet KML falls like a stone after IPO."
1.) MCT holds a large position in KML and MCT won't able to participate any future capital raising. This means KML's future capital raising will not be fully subscribed and keep diluting MCT's holding in KML to nothing.
2.) I don't think MCT fully paid Lennard Shelf Zinc project's vendors yet. IMHO most of that money from KML will be spend on paying fees especially MCT's bank account is running low.
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