Please enlighten us Bluebottle...Your experience helped you take a position in KNL and Vrc...of which you are proud of...
Today both these projects are still to be funded and had at least a 2-3 year start advantage to WKT whom to you is all things bad...I for one never followed your advice for Obvious reasons...The market dynamics never backed these projects and as of Today SYR confirm the concerns for Vanilla markets until all supply of excess tonnage is accounted for...With upto 72 new giga factories in development uptake is expected as demand naturally grows....Current demand with SYR expected to take 20,000 TPA of new supply per quarter will dampen price momentum for foreseeable future IMO...Which leaves you with the possibility of not being funded on this basis for quite some time IMO...
Right now both GPX and WKT have differentiated by underpinning projects by premium expandable markets...WKT have completed all studies with funding down to the final details while GPX still to complete the DFS of which a decision should be then made to proceed or require more due diligence as per Castlelake Funds requirements....
Expandable market projects will be the funded projects...Vanilla markets are in over supply....
Croc
MVL Price at posting:
24.0¢ Sentiment: Buy Disclosure: Not Held
(20min delay)