Mr Delta, my expert comments are less "expert" and more "reasoned". I'm not a graphite expert by any stretch of the imagination. I just read a hell of a lot, lol, and I'm happy to acknowledge there are people on HC with significantly more geo knowledge than I have. I tend to agree with most of the recent comments regarding management, in particular your comment "they have the thinking of a much larger company than they actually run". Unlike other companies who have a strategy of "market and sell down their personal holdings" (think of Mr SYR who "allegedly" sold a whole heap of personal holdings at a price well above the current sp), Andrew and the team, from day 1, have wanted to build a mine and produce graphite (that's not to say they wouldn't sell for the right price, but more to say that they've had a long term vision from the get go".
I've said a number of times on various posts that there isn't one single announcement that KNL is waiting on, but that there are a series of inter-related events that tick the FA boxes in terms of a sound company, and that's what astute investors should be looking our for. As it stands, we've got:
- the initial offtake (EGT 10 ktpa, and if anyone chooses to disregard the size, I'll remind you that KNL were the first ASX listed graphite company to secure a binding off-take with ANYONE at all)
- the BFS, confirming our financial metrics are extremely sound, and that the ROE is significant
- the environmental approvals,
- the mining licence,
Now we should get the TK off-take conversion (unless I'm wrong and it's a left field new off-take, but I doubt it), and then the finance announcement is likely to be the next cab off the rank. KNL keeps ticking the FA boxes, and is going to be an excellent long term investment.
Right now, a couple of other darlings are in the spotlight. But to bring it back to something that many people easily understand, let's just say that KNL is a house in a quiet Sydney street, where every other house has sold for well over $2million, and for various reasons, no-one wants number 45, which is KNL, and you can buy it for $400K. The fact no-one else temporarily wants it doesn't mean it's not worth it, and anyone who passes on that house will kick themselves in 2 years time when it sells for over $3m or $4m.
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