KLL kalium lakes limited

I'm not sure what to make of this and hopefully someone can...

  1. 167 Posts.
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    I'm not sure what to make of this and hopefully someone can provide a deeper explanation but I think there is some value comparing the financial information of both KLL and SO4 as we come closer to commissioning. I had a look at KLL's cash flow report and found that they accounted for development costs of the Beyondie Project in operating cash flows as seen below:
    https://hotcopper.com.au/data/attachments/2970/2970351-eb45c7870bfb746ef145dd730126b6ec.jpg
    This gives at 2.2 quarters of funding as the project construction is in full swing.
    Now take a look at SO4's cashflow report for Dec quarter.
    https://hotcopper.com.au/data/attachments/2970/2970359-fcbe4c5c17c5a2afca296e888e5c7628.jpg
    There is no cash outflows for development costs which I assume should cover expenditures in developing SO4's Lake Way Plant. This gives SO4 bloody 40 quarters of funding (If I assumed SO4 had the same cash burn as KLL, it would have around 3-4 quarters of funding left). Now my question is if they are commissioning in April where the heck are the company's development costs for their project?

    Looking at the photos of the progress on both plants, KLL looks like it matches SO4 in terms of the potash purification plant. But the cost of SO4's development of the plant is missing or did I miss something?


 
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