Ha ha, was definitely not a Kogi investor. 1000%.
There was only one poster on Energio/Kogi Iron that was telling the bulls it had no chance for many reasons.
Man, I was hated. @wrighty64 (aka immellman) and his mate @bubsmark.
@yoda123 should remember who i was, maybe not the name, but he knows there was a poster that was a doomsdayer back then.
This was between 2008 and from memory 2012-2015 and maybe longer. Something like that.
I have a very good memory of all the posters back then that were telling me I was wrong.
I warned them that the project in Nigeria would amount to nothing. Too much CAPEX.
They even had a resource albeit around the mid 40's in iron ore but later i think they worked out a way to get it to 90 odd% (it was not DSO)
They even went to London a few times on roadshows to get investors to put in money.
They did a Scoping study, PFS, had support of Nigerian government, were in the process of completing a DFS etc etc. Then there is a BFS that may need to be done to be taken seriously by an institution or financier.
I think I read somewhere that M4M has already a rough scoping study based on very little.
Do any of you understand what is involved in getting to production and the time it takes?
Posters then were living a dream and in the end it became a nightmare.
This company goes into projects for all sorts of minerals. Is it Lithium? Not anymore,. Copper/Zinc? And again Iron Ore. A pissy little crap area they are hoping to to strike a tatts ticket by more drilling..
If they do find Iron ore of any significance and is at ridiculous depths, you can forget it. The overburden that would need to be removed would be multiples of the ore/orebody itself.
Good luck, it really is blue sky. If you prepared to lose your money all well and good.
@Heisenberg63 why what I have said is a load BS? Please elaborate. We are talking about the unknown here.
I'm calling this a sell because I want to imprive my ranking in tipranks.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $35.79M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $3K | 333.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 7819665 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 1095297 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 7819665 | 0.008 |
6 | 2672807 | 0.007 |
6 | 3071681 | 0.006 |
2 | 2098008 | 0.005 |
1 | 800000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 1095297 | 4 |
0.010 | 2298462 | 6 |
0.011 | 1841111 | 4 |
0.012 | 6017322 | 9 |
0.013 | 1360000 | 4 |
Last trade - 09.59am 25/06/2025 (20 minute delay) ? |
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