I managed to go through the report and I can't really find anything negative. The market seems to have found the report somewhat positive as well with a 10% rise today. We all know about the delays, but apart from that there is nothing to suggest any serious negatives in the project. Top 20 has dropped from 80m to 75m which is expected, but it's still over 50% holdings, so I guess that's somewhat encouraging. Cash position is also strong and hopefully we'll start generating some cash ourselves soon enough. What gets me though is the lack of information and some timetable with regards to KMP. They were overly optimistic under DW but now they seem too afraid to commit to any sort of timelines. Also KMP has received two important ISO accreditations but we did not had any announcement to say that. At least none that I can recall. I certainly hope that some sort of interest will come from the USA so we can show SK that competition is building up. My estimate is that everything is still in play with a 2 year delay from the original timeline, but we'll see how that will develop in 2023. Last AGM I was the only person that summited questions. I hope you guys have plenty of those for this AGM!!! Make yourselves heard.
ASM Price at posting:
$2.04 Sentiment: Buy Disclosure: Held
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