Member Info for LTbeliever

Good analysis Henry! And we still have India by September (no more delays, I hope). I think today, once the sellers clear out, will form a new solid foundation (circa 7p?) for the SP to gradually rise. Although the numbers were disappointing, the Co has shown that it can hit with a material RNS about anything, at any given time.

Very encouraging actually, Bob is doing a good job; more transparency (update every 2 months or so) Vs GJB's shenanigans, sales increasing thus requiring more working capital (and not to cover opex), and he managed to get new funds w/o a discount (albeit dilutory). Profitability expected in H2 2025 (as per May RNS), indicating good visibility both on sales and costs.

I bought 2 chunks this morning, one of 1.8mkln shares, second one for 1mln shares but not showing yet.

On the plus side, you can buy at 0.328 (bought 1.5mln, showing as SELL and a 2mln buy NOT showing yet), on the negative, must be some stock overhang to be cleared?

Y000, IMO the devil is in the detail; Term Sheet (still non-binding) has been signed, no Loan etc agreements that were supposed to be completed/executed by eoMay; and nothing about the cash needed to pay the EWorks at June end; unless I am missing something?

Something was "off" today? Eo April they asked for 1 month, to negotiate AND execute paperwork; last week, the RNS mentioned only "negotiations ongoing"; meaning that there was still no paperwork in sight?

Now we get a brand new player in the picture but still nothing about signing of agreements - is this why the SP dropped?

Maybe we'll get news about a Main listing too, now that its mkt cap is heading up to 300-400mln?

BTW, still waiting for updated Broker Valuations; 4.4p TP on basis of 60% dilution so I wonder now what the TP will be.

You mean ALB1? who expected SP to drop to 0.15? I'm sure he's happy for us!!

One thing is certain - we are definitely getting another RNS tomorrow

Post or pre-AGM, who knows??? :)))))))

Saving the fireworks for the AGM, maybe? nothing will surprise me by the time this RNS is finally released.

99, good to see you here too; hope you will make good money from SYM as well as KP2!!

And for the record. short-term USD rates will not go down for the foreseeable future due to DJT's chaotic daily upheavals; in any case, KP2 will borrow for a 5-year project so Banks will use long-term USD Bond rates as their cost of funding (plus their margin). IMO, DYOR

The delay verges on the edge of sadism :))) but, if we are realistic, the IIs own 70% of the Co so they have their own plan to follow, Management focuses on the project (Early Works completion at eoJune hopefully), so they don't care too much about PIs' complaints.

IMO, as the financing will not come from US banks and even if in USD, Chinese and ME Banks do not need to wait for Fed's meetings; IRate expectations are reflected daily in the money markets and in any case, big banks can hedge, use Forwards, Swaps etc to position themselves. Also, yes the AGM is important but the Co needs funds to pay PowerChina upon completion of the EarlyWorks.

The only thing I have to speculate on is a) RNS stated "shortly" for the conclusion so I am not sure if a week+ delay (i.e. beyond the AGM) is defined by shortly and b) wouldn't the Co prefer to have the RNS out of the way BEFORE the Agm (and comment on it during the AGM), rather than have irate shareholders pester the Board during the AGM about the lack of an RNS?

My theory is that SYM are working in the US with Quantum (maybe with a client of theirs) on a US-specific project with huge potential; hence, Quantum is aware of the potential (so, willing to pay for a stake at 6x), the timings etc BUT currently it's just in the planning stage hence why nothing needs to be disclosed to the market.

I find the lack of any leak quite impressive and encouraging - IMO (not ramping! DYOR) everyone involved have kept their mouths shut, this could be for any number of reasons; my theory is that the RNS will be so game-changing that the Co does not want to risk any problems with the Exchanges if leaks occur before release (esp with ASX halted). GLA - a few more hours?

Nice link Pareto, thanks; so they have appx USD100mln under non-discretionary management, but now moving into discretionary inv. mgt (so, they will call the shots re Inv decisions); the LP they created (i.e. Limited Partnership) should have a limited number of investors (usually up to 50 high net worth Individuals), so the question is - did Quantum "find" SYM for them (could be one family, with a few USD million to spare), or did they want to invest in SYM using a tax-efficient inv. entity, and asked Quantum to set up for them? if the former, then Quantum may invest more money below or around the 20p mark.

Anum, early works end in June, yes, RNS 'd be issued. Point 13 of below:

https://www.lse.co.uk/rns/KP2/kola-project-optimised-dfs-update-8etu5jao9uy1bdw.html

Although it confirms the news of 8 May, it's still "no new" news for the mkt, hence the tepid reaction; the real action should come when numbers and the outlook is released soon, explaining (IMO) why the Americans paid 6x the mkt price for their shares.

At least I got the 7am bit right, shame about the content of the RNS :))))

IMO, it will be a 7am RNS, in the next 1-3 days. GLA!