Andrews view is that we presently should be valued at 100m (half the NPV) as THFS has stated. So basically we should be sitting at about 60c, well why aren't we then? What is stopping the SP from rising? The upcoming equity raising maybe?
The loan will be government backed, 2 offtakes in the bag, a great Non Chinese strategy and funds on the sideline waiting to jump in and still at 19c? Where is the support?
Great long term stock but needs patience. Should see some SP activity once the finance is behind us.
KNL Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
