I wonder what the SP would be if the co was completely silent on finance and wasn't in contention for a potential UFK guarantee? As in, all that had occurred to this point was locking in 100% of initial production to binding off-takes?
I believe the SP would be much higher because the market would be exuberant (and ignorant) to the finance process. Alas, the co is arguably in a better position (in that KfW and Nedbank are interested and a UFK guarantee is likely) but the SP languishes while the UFK application is finalised! Heh.
Ann: Kibaran appoints experienced graphite specialist to Board-KNL.AX, page-120
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