It has become clear to me that SQM have put the breaks on this project. In Oct last year KDR stated in their Scoping Study that construction was to begin in Oct 18. Now the Feasibility Study is to begin sometime in this half. It also appears that they are talking about an integrated project rather than starting the nine first. This will cost a significant amount of $$, which KDR will have to capital raise for. These are the reasons the stock has come off.
I sold and will now wait for a clear statement of intent when the FS is released mid next year.
KDR Price at posting:
$1.41 Sentiment: Hold Disclosure: Not Held
