With only $6m in the bank at end Dec-18 and an estimated spend of $3.6m in this Mar-19 quarter, they don't have enough in the kitty to get through to May-19. And that's including the oddly lower forecast for each line item compared to Dec qtr.
They'll need a CR just for working capital while they seek the extraordinary large amount of capital for project development. Explains why the wind has been knocked out of it: low cash, impending CR and massive CAPEX for only 17% IRR.
There are far better projects out there at the moment IMO. For MOP, I like HFR if they can get final approvals through. For SOP, well, there's only one - DNK.
With only $6m in the bank at end Dec-18 and an estimated spend...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KP2 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.9¢ |
Change
-0.012(19.7%) |
Mkt cap ! $29.07M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.2¢ | 4.5¢ | $104.0K | 2.211M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 342871 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 219388 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| KP2 (ASX) Chart |
