Ann: Non-Executive Director Appointment, page-60

I researched Huljich’s and Turvey’s career histories, and they’re the ‘real deal’ with raising & handling $10’s to 100’s of millions in funds for several companies; Kogi being the most recent. They’re financial, legal, and business acumen are sound and capable.

It’s just so d*** frustrating, and anxiety inducing that we can’t get any ample funds to efficiently move forward.

...I think it’s a hard triple whammy of the Covid outbreak, the Feasability-development Stage of Kogi Iron, and the stigma of ‘Risk’ associated with developing a mining operation in Nigeria that is delaying the BFS funding. Had Covid not happened, the risk-factor probably wouldn’t have such a negative impact on investors considering Kogi Iron.

Seems that the other mining companies that I’ve been watching this year that are actually getting funds are in the drilling & scoping spec stages, or are in a post-BFS institutional development stage. Therefore, investors putting up funds at those stages will most likely get their ROI much sooner than if putting into Kogi Iron right now.

This is all just bad timing and bad luck for Kogi Iron right now. But I still think the rewards from this operation will be grand...it’s just going to take some grit and grind to get out of this mud; and more patience.

I hope & pray for, and support the Kogi Iron BOD, staff, and SH’s for health & prosperity.