Will guarantee you one thing. Magnis will not take one year to organise finance. You guys still don't have it and it is only one quarter of what we need. Ask yourself that. Why is it taking so long? I think Kingofhell has nailed it with regards to the price collapse on what you guys are basing your whole finance on. Western offtakes are great but more for battery grade material. Not steel making.
If you read what Frank said offtakes and finance are in final stages. Do you think they waited for the BFS to be done before they started chasing finance? Maybe that's what KNL did. Not Magnis.
KNL Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held
