KLL 0.00% 2.5¢ kalium lakes limited

The investor presentation prior to the big cap raise set out the...

  1. 7,080 Posts.
    lightbulb Created with Sketch. 526
    The investor presentation prior to the big cap raise set out the contingency, debt service facility and other cash requirements. Totted up these came to $50M above and beyond the estimated capital cost, accrued opex during construction and interest costs.
    The total funds available were supposed to $263M.
    We have had notification of 145 CP's being met and at least one loan being made available.
    A few people are saying cap raise but it would be quite extraordinary if $260M is available and they have blown through the $29M contingency so soon.

    As for the damaged plastic liner theory, an onsite photograph shows the poly weighted down by green sand bags. It is a plausible idea. We were told that 60Ha had been lined.

    It will be interesting to see what the outcome is
 
watchlist Created with Sketch. Add KLL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.