My understanding is Lanstead have an indepth knowledge and were willing to finance even under the Direct Reduction however gave Kogi an ultimatum. For whatever reason, loss of control by IB, sp too low etc Kogi (or more specifically IB) elected not to proceed as they felt a better deal could be struck down the line (ie further into the project) That 'further into the project' is about now.
You have all come this far, you may as well hold out for a few more months. As mentioned the combination of Dr Burston but arguably more importantly John McGlue, the potential of the project, and the needs of Nigeria, plus desire of the Minister of Minerals to perform at his job - are the ingredients to make this happen.
The options are cheap. If its a 'proceed' decision along with finance, then jackpot. Mkt cap of $40 m is all that is needed.
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Mkt cap ! $22.62M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.7¢ | $92.65K | 13.06M |
Buyers (Bids)
No. | Vol. | Price($) |
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20 | 30168874 | 0.6¢ |
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Price($) | Vol. | No. |
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0.8¢ | 30211041 | 16 |
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No. | Vol. | Price($) |
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20 | 30168874 | 0.006 |
24 | 39273531 | 0.005 |
33 | 32148237 | 0.004 |
30 | 48963376 | 0.003 |
23 | 45435328 | 0.002 |
Price($) | Vol. | No. |
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0.008 | 30211041 | 16 |
0.009 | 7857866 | 10 |
0.010 | 6972717 | 6 |
0.011 | 2068000 | 3 |
0.012 | 8500000 | 4 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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