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The alternative to this is that the debt funding from the CIB...

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Surandy70

10,907 Posts.

1747

29/03/24

22:36

Post #: 73121229
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Originally posted by Surandy70: ↑

I suggest you re-read the project update announcement again.

They are well progressed on the pre-FEED work in regards to EPC, tolling agreements, connection to the grid and funding.

The only thing holding them back is funding due to awaiting for finalisation of the Investment Tax Credit legislation, which is progressing through the Canadian parliament at present, and the Clean Electricity Regulations. The $58m they were seeking for up to 50% of KDP included $36m for FEED activities, however they are confident that they meet the requirements for the Canadian Infrastructure Bank Accelerator Program which would then provide around $18m debt for half of the FEED costs of the first two projects. So will that mean KPO will settle for a smaller equity contribution or will they use the freed up funds to fast track one or both of the other two projects?

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The alternative to this is that the debt funding from the CIB might mean that KPO sells less than 50% of KDP thus leaving more upside to KPO holders given that they would need $40m in equity vs $58m without the CIB debt funding. Better to sell 34.5% of KDP than 50%

KPO Price at posting: 0.4¢ Sentiment: None Disclosure: Held
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Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $7.459M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
17	18666162	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	7526333	4

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No.	Vol.	Price($)
17	18666162	0.003
6	14983666	0.002
5	25600000	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	7526333	4
0.005	7543486	9
0.006	899007	2
0.007	43125	2
0.008	2536178	2

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