finally there might be some light , page-25

Ariesman,

What you say is warranted somewhat, however you could apply that logic to ANY emerging company.

I don’t see how KOS is being undermined or the board being dysfunctional, let alone uneducated having read their BIO's

The MINIMAL Fortrend draw down this week is to be viewed positively. It indicates major news/progress is not too far away; otherwise the draw down would have been for a larger amount in effect greater dilution and lower price for any CSI.

Yes, the Fortrend facility was Con's idea. Very strategic move to keep the wolves at bay. There is no obligation on ESI to utilise the facility and it is only transitory.

A funded ESI to commercialisation is a better buy than an operational one......as you say!

Lack of institutional support at this stage is par for the course. PDN, FMG, SLX to name a few, had little INST. support during the early days and renewed their respective boards/management during transitional phases. Such is progress.

KOS has stated previously Deloittes were engaged to develop a COLDRY SPV/SPE (Special purpose vehicle/entity). Would institutions be waiting the establishment of the SPV before taking positions?

All the pieces seem to be in place awaiting the ARUP BFS. Wouldn't make much sense to proceed without it.

Companies during the development stage/s are mostly preoccupied with the practicalities of establishing and developing the business. Politics enters the fray more often than not as the company becomes larger and profits are realised. We have KOS taking care of the practicalities and CON the politics. Very well rounded.

Ask yourself Ariesman.......would Pappa Con send his son to slaughter?

As for Con presiding over a 70% drop in share price?
It wasn't his fault the market got way ahead of itself at the time.


You stated........."That’s the reason this stock is and will always remain undervalued". Ariesman, if this is your unequivocal belief, why do you hold?


RBA