Ann: Continued Success From Drilling The East Lod, page-9

re: Ann: Continued Success From Drilling The ... "What is the market expecting from KMC?"

Some guidance on what to expect the 2nd stage of the plant will cost and how it will be financed.

At the moment the repeated announcements of $35m of possible debt funding hang over the sp like a stink cloud:
- $35m sounds like an awful lot relative to the current market cap
- debt funding is getting harder and harder to obtain (see Debt Crisis)
- if it has to be equity funded, dilution might be massive

It's a real shame because other than failing to explain this second stage of the plant, they are doing a pretty good job and there's a lot to be excited about.