$45m for 33% increase in production is fine in principle, though...

$45m for 33% increase in production is fine in principle, though I'd prefer to see the company take on more debt than further dilution right now if they wish to expand.

Once the company starts selling the product and proves they can turn a profit, the sp should logically rise and the company can then decide whether to play it safe and undertake an equity raising to reduce debt levels.

It seems counter productive to issue shares to add extra tonnage whilst the sp is weak. Until KLL explains how the $45m will be raised, investors will most likely sit on the sidelines.