Although I cannot recall it being explicitly stated anywhere,...

Although I cannot recall it being explicitly stated anywhere, but I think it is very likely that significant releases by KNL to the ASX wherein details of "binding off-takes", "in principle loans" from pre-eminent German and South African banks, German government endorsement of one form or another would have been closely scrutinised by representatives of the counter-parties BEFORE release to the ASX. Failure to do so by the KNL board would gravely risk misrepresenting the intentions of those (very substantial and highly credible) counter-parties; with severe and visible consequences to the KNL board.

I have little doubt that the binding off-takes are genuine, as reported, and that financial agreements ,too, are progressing as described in ASX releases by the company.

Investing is a very personal thing and we all have our "pain thresholds" and reasons for acting as we do.

Good luck in the future.