After seeing the afternoon action I am quite surprised at how the market has reacted to this news.
KGL is now all that I am holding.
I have a great deal of confidence in the management and this project will imo be a company maker.
The widths of the mineralisation are excellent and the grades of the iron are also very good.
Project is right on China's back door and close to infrastructure.
What is not to like?
I still wonder about the price of any raising for the financing of the agreement. That should still be a while away and with more drilling and a scoping study in the next 6 months the market will not be able to ignore this story forever.
iron ore mining project upgrade, page-6
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Last
10.8¢ |
Change
0.003(2.38%) |
Mkt cap ! $60.98M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.8¢ | 10.5¢ | $2.529K | 24.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 446286 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 18172 | 1 |
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| Last trade - 11.17am 27/06/2024 (20 minute delay) ? |
| KGL (ASX) Chart |