Not a major player, but also not a minnow of a private company with AUD $28m recently invested in plant expansion and been around some 50 years.
The company clearly wants to move from 'dirty' fuels to supply its clients with LNG. They even imported it to trial their storage facilities that they have approval for.
The want to move into clean energy supply and see KKO as the catalyst, being a local supplier. KKO want to sign supply agreements. That sounds like a synergy to me.
Of course, deals with the biggest players will be of greater benefit, but by their nature tend to take more lead time to bed down.
So these deals are doing what is required and showing intent that there is demand for our product.
Milesy
KKO Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
