@Lefevre
As promised....
Snips from a independent valuation report that is only a few months old.......The most important bit about this is it is based on a 20% reduced cashflow formula for risk adjustment. And my favorite bit is the tri party agreement announced in august (2 months after this valuation) totally missed by the market signifies on paper the commitment to the EPC contract upon mechanical completion of the first plant. The tri-party agreement mixed with the recent board improvements suggest strongly the completion of this is now just a mere formality because if you remember Mr myers would only come on board conditional to financing (recent placement) and Business certainty.
Who knows maybe even this week the board are back on Wednesday........
This valuation is 100% based on china with nothing else added however mentions PROJECTS (more then one) are expected near term.
Bullish is a understatement for my sentiment here and the sooner realise its just got to run its natural course of churn form the placement holders the better.
Stay the course and reward yourselves.
4-6 month target 70 cents
Valuation: We have assigned a valuation range of $0.17-$0.29 per share based on assumptions provided by the company regarding the expected build schedule at Sinopec's industrial operations throughout China. The EPC contracts have not yet been formally awarded to KPO's Chinese subsidiary, A&W (Shanghai) New Energy Technology Development Co Ltd (A&W), however Sinopec have indicated their intention to do so. The valuation is based on the discounted cashflow determined by the assumptions provided by KPO with
a 20% discount rate applied. We note that the value of the company will ultimately depend on the demand for the Kalina Cycle technology and the number of plants built. In the event the company does not meet the expectations provided, the value of the company will differ significantly. The valuation does not take into consideration projects for other customers, of which there are expected to be some in the near-term.4
Cheers bonekrs
(20min delay)