you have got to wonder HOW KGL are going to find US$15 million in this market just to buy the project (and then further ongoing payments to total US$30 million).
And then further funds to fully finance exploration drilling with 6? rigs and feasibility studies.
We are probably talking $60million Aussie..... with a falling share price....
Thats a big ask for a little company in this market.
So.... what happens if the deal falls over? Where does it leave KGL (maybe the share price will go up!)
It seems right now the market is thinking about a zillion new shares coming rather than the project details.
I hope KGL have some big money men getting involved.
acturtle
iron ore mining project upgrade, page-7
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $59.56M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $1.368K | 12.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 255954 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 170120 | 4 |
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| Last trade - 14.41pm 12/07/2024 (20 minute delay) ? |
| KGL (ASX) Chart |