This is the stock market, the needle might move or it might not. It might be a short term move like we saw earlier this year.
I am interested in this legislation as it will bring down the net costs to build the large projects, which in turn improves the returns. This attracts investors so it could be enough for the onlookers to commit funding into KDP so that the pre-FEED work can be finalised and allow KPO the time to apply for funding of up to 50% of the costs for the FEED work under the Accelerator program.
Given the current state of funds in KPO and previous announcements from the company I am almost certain that we will be looking at another raising in June/July, but in what form, for how much and open to whom is unknown at this point.
KPO Price at posting:
0.3¢ Sentiment: None Disclosure: Held
