Bedford received the shares in exchange for their interest in the holding company that held the Agbaja leases ultimately transferred to Energio. I personally think Bedford will do the same as most of us...wait until the full value of Kogi Iron is realised through the successful completion of the metallurgy testing and JORC / global resource upgrade. This should happen around the middle of the year and be accompanied by a strong uplift in share price. Following that, I believe a takeover offer is the likely outcome.
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