Kodal Minerals (KOD)

Sector:

Mining

Index:

FTSE AIM All-Share

0.27p
   
  • Change Today:
    -0.010p
  • 52 Week High: 0.39
  • 52 Week Low: 0.21
  • Currency: UK Pounds
  • Shares Issued: 16,904m
  • Volume: 19,710,651
  • Market Cap: £45.64m

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Kodal Minerals keeps on flying after New Year's Eve debut

Date: Thursday 02 Jan 2014

LONDON (ShareCast) - Newly AIM-listed phosphorus and iron explorer Kodal Minerals rose steeply on Thursday after floating in the last days of December.

Shares in the Norway-focused outfit were up 60% to 1.32p by 14:55 on Thursday, an 88% rise from the 0.7p price at which it raised £1m in its initial public offer.

The company is developing the Kodal Project in Southern Norway, which was originally looked at by Norsk Hydro, and using historical data on the project intends to establish a mineral resource estimation soon.

The project has a total indicated mineral resource of 14.6m tonnes at 2.26% phosphorous and 24.12% iron, with an inferred mineral resource of 34.3m tonnes at 2% phosphorous and 20.38% iron.

Chief Executive Luke Bryan said once environmental and social impact assessment studies and preliminary engineering works are completed the company will apply for a permit application leading towards an operating licence.

"The company will also be undertaking marketing studies on its high grade phosphate concentrate (41.8% P2O5) and will be conducting some additional tests to try to improve on its 62% iron concentrate."

House broker SP Angel, which owns 5.2% of the shares, with directors almost another 23%, has tipped the stock to re-rate to 3.1p in the short term based on a heady discounted cash flow analysis.

OH

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Kodal Minerals Market Data

Currency UK Pounds
Share Price 0.27p
Change Today -0.010p
% Change -3.57 %
52 Week High 0.39
52 Week Low 0.21
Volume 19,710,651
Shares Issued 16,904m
Market Cap £45.64m

Kodal Minerals Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.22% below the market average50.22% below the market average50.22% below the market average50.22% below the market average50.22% below the market average
19.67% below the sector average19.67% below the sector average19.67% below the sector average19.67% below the sector average19.67% below the sector average
Price Trend
50.42% above the market average50.42% above the market average50.42% above the market average50.42% above the market average50.42% above the market average
59.72% above the sector average59.72% above the sector average59.72% above the sector average59.72% above the sector average59.72% above the sector average
Income Not Available
Growth Not Available

Kodal Minerals Dividends

No dividends found

Trades for 09-Aug-2022

Time Volume / Share Price
10:21 162,952 @ 0.27p
10:21 3,635 @ 0.28p
10:15 2,175,724 @ 0.27p
10:14 350,000 @ 0.27p
10:14 1,000,000 @ 0.27p

Kodal Minerals Key Personnel

CEO Bernard Aylward

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