FNTP this month!, page-85

Under construction terms FNTP means that everything is in place, contracts are signed, all terms are agreed and prices are fixed.

this would thus imply that KPO:

(1) has finance signed and delivered
(2) has all contracted functions in place including gas, engineering, procurement prices etc locked in
(3) has all government related permitting and environmental services signed off

I don’t think they have completed any of the above yet- though environmental could be the last for (3)

we would have heard something around the financing already as it’s too big a project at the tail end for absolutely nothing to be public.

AGM will be very interesting, it’s a real shame it can’t be in person because I’d be there with a list