How long do you think it will take Magnis to get finance? If we look at the enviro and mining licence timeframes compared to KNL I would say half the time. Actually quicker than that.
As for the Germans, they are the most efficient race I have known. At this point I would say there is definately something wrong with the deal. I would say the banks have asked for some sort of a guarantee regarding the prices negotiated between KNL and TK. Now if TK can get the same graphite elsewhere for $850 a tonne KNL will need to match it or is KNL's graphite so special that they can't source the same elsewhere? Defiantly not.
Can KNL survive on a $250 a tonne profit margin? No room for error there. What happens if these same banks go over MNS's BFS? Sounds like a much safer proposition. Hang on but MNS don't even have a Western offtake. Not yet, but not long.
Cazz69, you seem to abuse non holders more than others. Why is that? Just because the stock is doing nothing please don't take out that negatively on others.
KNL Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held
