A final Investment decision(FID) will be made on completion of financing which I believe will be linked to Government assistance in the form of
low interest loans or even grants as copper has been designated a strategic mineral.
To get financing you must eliminate any resource risk and that has been the purpose of the recent drilling campaigns.
I believe financing is close and construction will start this year.
They have already cleared the way with the environmental approvals and the recent drilling results have confirmed the expansion potential.
It will be interesting what they say in the Qtly report due in the next few days.
Ann: Company Update, page-33
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.40M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $13.42K | 125.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 249946 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 136125 | 2 |
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| Last trade - 15.47pm 11/07/2024 (20 minute delay) ? |
| KGL (ASX) Chart |