KRM 2.13% 4.6¢ kingsrose mining limited

Ann: Acquisition of Scandinavian PGE-Nickel-Copper Projects, page-3

  1. 2,290 Posts.
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    Great acquisition. When you consider the calibre of the team and the fact they were holding this asset for some time (they know the potential), waiting to vend into a listed company of their choice.

    The cost is also negligible to the company coffers. They've opted for a small cash consideration (to cover what they've spent to date on the project) and the rest in KRM shares - which means we retain our considerable $30m cash position.

    $KRM is now funded and positioned for the next Tier-1 PGE discovery.
 
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