I think you should sell and move on Kingsrose Mining Limited...

I think you should sell and move on


Kingsrose Mining Limited (ASX: KRM) (Kingsrose or the Company) wishes to advise that the conditions to second completion of the Transaction Implementation Agreement (as amended) announced on 18 January 2023 regarding its staged investment into the Råna Nickel-Copper-Cobalt project (Råna Project) have been satisfied (Second Completion). As at Second Completion, the Company has earnt a 51% interest in the Råna Project by incurring $3 million of expenditure on the Råna Project and drilling more than 5,000 metres. In accordance with the Transaction Implementation Agreement, the Company has issued Metals One Plc, the nominee of Scandinavian Resource Holdings Pty Ltd with 1,000,000 fully paid ordinary shares in the Company as part consideration for the earn in.