Kodal Minerals (KOD)

Sector:

Mining

Index:

FTSE AIM All-Share

0.26p
   
  • Change Today:
      0.005p
  • 52 Week High: 0.39
  • 52 Week Low: 0.21
  • Currency: UK Pounds
  • Shares Issued: 16,904m
  • Volume: 70,688,542
  • Market Cap: £43.10m

Kodal Minerals raises 1.24m pounds from share placement

Date: Friday 10 Jan 2014

LONDON (ShareCast) - Kodal Minerals’ shares tumbled after the mining company said it has placed 100m new ordinary shares.

The company, which owns the phosphorous and iron Kodal Project in Norway, raised £1.25m after placing the shares at 0.03125p each.

Net proceeds will be used to extend the original work programme already in place, which includes site engineering works to support the Environmental and Social Impact Assessment, additional metallurgical works to improve the recovery process and geotechnical work to confirm and refine pit slope stability calculations.

"The company is delighted that as a result of exceptional further demand we have raised additional funds to progress the development of the Kodal Project," Chief Executive Luke Bryan said.

"These new funds will allow us to accelerate the current development work on the Kodal Project and in particular undertake additional metallurgical and geotechnical work."

Shares fell 24.68% to 1.45p at 14:26 on Friday.

RD

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Kodal Minerals Market Data

Currency UK Pounds
Share Price 0.26p
Change Today 0.005p
% Change -1.92 %
52 Week High 0.39
52 Week Low 0.21
Volume 70,688,542
Shares Issued 16,904m
Market Cap £43.10m

Kodal Minerals Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.12% below the market average47.12% below the market average47.12% below the market average47.12% below the market average47.12% below the market average
19.35% below the sector average19.35% below the sector average19.35% below the sector average19.35% below the sector average19.35% below the sector average
Price Trend
7.81% above the market average7.81% above the market average7.81% above the market average7.81% above the market average7.81% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Income Not Available
Growth Not Available

Kodal Minerals Dividends

No dividends found

Trades for 16-Aug-2022

Time Volume / Share Price
17:07 9,800,000 @ 0.26p
16:29 169,382 @ 0.25p
16:20 1,946 @ 0.26p
16:19 100,000 @ 0.25p
16:19 7,785 @ 0.26p

Kodal Minerals Key Personnel

CEO Bernard Aylward

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