For those who are nervous about the expected signing of the EPC contract (probably all of us), just wanted to highlight the decision making of a KP2 major shareholder in particular (Dingyi Group).
As shown in above attachment and below images, Dingyi Group recently increased its investment in KP2 by approx 10 times its original holding over the past 8 weeks. Dingyi Group went from holding 20 million shares to now holding almost 200 million shares.
Although many top shareholders (including the Chairman of KP2) have also significantly increased their investment over recent times and over this same 8 week period of time (as shown in above attachment), I highlight Dingyi Group in particular because they are unique in that they are a Chinese owned company with their Principal Office located within Shenzhen China, and with other offices located in other cities within China, like Beijing and Zhanjiang.
The significance of the Chinese ownership of Dingyi Group should be obvious, that is, KP2 is currently in negotiations to sign the EPC contract with Chinese Owned PowerChina and Chinese Owned SEPCO Construction Company.
The
assumption is that a Chinese investment company (Dingyi Group) would better understand the likelihood of a successful EPC contract signing occurring given that Dingyi Group would better understand the Chinese Investment and Construction market. Dingyi Group would in effect have a better vision that most regarding the potential success of the EPC contract being signed, given that Dingyi Group would have access to the Chairman of KP2 as a major shareholder, and would also understand the Chinese investment and business market. It wouldn't be too far fetched to assume that Dingyi Group could/would make contact with PowerChina themselves and enquire about the EPC deal.
I also wonder if KP2 Directors would have asked Dingyi Group to join in on the meeting that KP2 had in China with PowerChina in early May (the benefits of doing so are obvious IMO).
Given the above considerations, Dingyi Group concluded that it should increase its investment in KP2 by 10 times its original holdings.
IMO, that is good reason to be optimistic.
"About Us" Webpage Taken From Dingyi Group Website
Dingyi Group Holdings on 1st March 2024 (image directly below), compared to Dingyi Group Holdings on 16 May 2024 (second image below)
(20min delay)