The company has reported an -$9.3m loss for the first half. Macquarie finds catalysts aplenty in the second half, as the company is finalising an offtake agreement and debt discussions continue with the credit agency.
Outperform rating maintained. Target is 65c.
Sector: Materials.
Target price is $0.65.Current Price is $0.43. Difference: $0.22 – (brackets indicate current price is over target). If KLL meets the Macquarie target it will return approximately 34% (excluding dividends, fees and charges – negative figures indicate an expected loss).
