I'm invested in KLL and am not feeling sorry. In fact I'll be participating in the Placement and the Entitlement Offer.
What assures me are these:
1. 2 major shareholders + the board and management have committed $20M in the offers
2. Mark Sawyer and Brent Smoothy on the Board
3. all lenders still supporting the project
4. K+S 10-year offtake contract still intact
5. global SOP price still on par with forecast
There's no argument someone committed a gigantic stuff up. And it looks like it costs the Chief Development Officer, Rudolph van Niekerk his job.
If from here onwards everything is as planned, in 12 months time 15c will look very very cheap. I think the upward reward is far greater than the downward risk - at least for me.
Good luck to all.
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