They say a rising tide lifts all boats, so if the iron ore price...

They say a rising tide lifts all boats, so if the iron ore price is the tide why hasn't KFE secured funding? Is it because KFE's boat has a hole in it?

Given the positives which have been mentioned on this platform, KFE's project would seem to have everything going for it but so far no big investors have come on board. From memory Canaccord was hired to find a cornerstone investor late last year and presumably they have scoured the planet looking for the cash required. Maybe the board will surprise us with the perfect solution next week. If they don't, you have to wonder what is stopping big investors jumping on board. There has to be a reason - and it's not management because a big investor can easily replace management.