thebarry111, for some time Kogi Iron has been scratching around...

thebarry111, for some time Kogi Iron has been scratching around for cash. Recent arrangements via which the Company has raised some money - $1m here, $1m there - apparently have had a negative impact on the Company's share price. The current Board committed to finding funding for the feasibility study and a few weeks ago announced a complex, multi-stage deal which, if concluded, will pour up to $10.3m into Kogi's coffers. That deal depends largely on Diversified Metals Holdings LLC performing. At current prices, if all stages complete DMH, will end up with a big slab of Kogi. However, at lower prices, DMH will end up with an even bigger slab. Given that fact alone I thought Shareholders should know who they were dealing with. Add in the fact DMH is protected on the downside (and Shareholders who put up 1.8c for new shares are not), surely Shareholders are entitled to more background.

If DMH was a subsidiary of Rio, BHP, POSCO, etc I suspect the Board would have trumpeted the fact far and wide.