Hi Romann, Two points quickly. 1. You really need to get some...

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shioshin90

216 Posts.

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26/09/16

12:38

Post #: 19420067
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Originally posted by Romann ↑

Sorry to some of the Holders here, but I just cant get my head around why people think this is a good investment?

Nickel failed..... why?

Now a offtake agreement for a good amount of product but unfortunately, we all know the product isn't that good.. hence a very light basket price based on Stormcrow figures.

Western offtake really doesnt mean a lot - Europe is not a great economic climate to be doing business at the moment? What makes a western off take the be all end all of off takes? The red tape? Legal alignment?? This forum would have you believe you dont have an offtake agreement if it isnt western and you couldn't sell your product without a western off take - Its almost like the worlds money is fake?? Keen to understanding why a Euro binding offtake is worth more than a binding Asian offtake or any other part of the world? And if this is the case why KNL decided to sign an offtake with an ASIAN company like Sojitz or whatever (a Japanese general trading company) what use do they have other than on-selling at a profit - That to me, means they will crunch you on price to look after their own bottom line.. KNL will likely not do well out of that deal. Is that why people don't value Asian off-takes?

Currently waiting for RAP that should have been arranged long before now - some potential for a number of local residents to refuse to move unless they are satisfied. BFS didnt account for anyone holding things up at this point.

Finance split between two banks - agreed on in principal however there are some significant hurdles that have been thrown in the mix and a number of conditions set. Some of which may not even be achievable within the time frame required to get into production to meet off take obligations. Some of which may not be achievable at all.

Could this be set for failure just like the previous nickel project? I recall that was sold as the best thing in nickel, it was going to be world class etc etc but what has it amounted do? An advertising banner on the company website? I might offer them a pineapple for it (and no i dont mean $50).

Is Epanko just going to end up on a FOR SALE banner on their website too?? Time will tell.

Not looking particularly compelling though. Not for mine at lease - perhaps someone could spell out some real solid facts to buy about KNL?

Someone please rather than strip me down here, please attempt to contribute to a robust discussion.

Cheers all and good luck.

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Hi Romann,

Two points quickly.

1. You really need to get some help with your issues with Robbo. I see the title of your thread is exactly what Robbo used in the thread of the stock you hold.

2. As a suggestion you may need to brush up on your Financial general knowledge and principles. Also learning more about mine development would be of benefit to you too. Your post does not make a lot of sense.

Last edited by shioshin90: 26/09/16

KNL Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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