Australia's largest stock trading and investment forum Australia's #1 stock forum

KLL

Click for more information

0.00%

$7.28 kalium lakes limited

Ann: BEYONDIE UPDATE - PROCESS DESIGN VALIDATED, page-45

First 45 Last

Share
Profile

Follow
sevo

7,080 Posts.

526

01/06/22

16:55

Post #: 61760123
Share

Originally posted by hopeful2: ↑

What CR? Yesterday's announcement said: "Discussions with financiers in connection with the revised production ramp-up schedule and funding
requirements are advancing well, assisted by financial adviser, Cutfield Freeman and Co."

And . . . . "The senior lenders remain supportive of the
project and are working with the Company towards a refinancing solution to allow the liquidity facility to be
drawn down and to facilitate the continued success of Kalium Lakes."

It sounds to me like they are looking to refinance not an SPP. So, those of you looking for cheap shares in a CR are likely to be disappointed. But that doesn't seem to stop the non-holders beating the same old drum. Having said that, I'd be happy to purchase at a lower SP, if offered. There on't be any CR unless the business plan is deemed to have merit so at these prices it would be a steal.

Expand

They had $17M cash before they raised $50M for the $45M expansion from 90Ktpa to 120Ktpa.
They now have $27.5M
They have 7 of 23? new bores. Not sure what else has been achieved. The rectification has cost how much?
Hard to see more cash not being required.
Can’t see the lenders lending with only $350000 of product in the shed. The plant could still be scrap like SO4?

KLL Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
6 Upvote

2 Great analysis

Reply

Top Stories

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

There are more pages in this discussion • 68 more messages in this thread...

First 45 Last

Add KLL (ASX) to my watchlist