STTCOMP KRM FA LONG KRM closed at 5.2 and have entered today.
Key points
BHP partnership with basically the whole project beingsolefunded by BHP in Finland and Norway (and can effectively spend up to 87$ million to fund this)
~26$ million in cash in last quarterly, putting the EV of KRM at 12.5$ million MC.
No dilution anytime soon, excess of cash from the company suggests that they have 16 quarters of funding.
Penikat project is untouched, they still own 100%
Pullback today was good for many people looking to enter, this should not go below 4.5 cents, would put the EV at a price near <$5 M MC. Especially after the BHP alliance deal this week, this is looking like a long term hold for me.
