KKO 5.13% 8.2¢ kinetiko energy ltd

Who said they are going to get government funding? I haven't...

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    Who said they are going to get government funding? I haven't seen that mentioned anywhere

    "Negotiations continue to advance with a South African institutional investor to fund a pilot production field to an amount of approximately AUD$7m."

    However, i must point you to this research report from 2020:
    https://www.kinetiko.com.au/wp-content/uploads/2020/11/KKO20201119-Research-Report-final.pdf

    They have been claiming this since 2020

    "We understand funding for the planned 20-well pilot program will be provided by a South African financial institution. However, we estimate Kinetiko will need to raise ~$6m of additional capital over the next year to continue to progress is other exploration and appraisal activities"

    They have been "advanced negotiating" for over 2 years ? (it doesn't mean it wont happen - but just something to be aware of).

 
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