HZR 1.02% 48.5¢ hazer group limited

Capital raising

  1. 1,225 Posts.
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    Hi team

    Unfortunately due to tax debt call I am out of hazer at the moment but still very bullish long term.

    What are thoughts on a CAP raise soon ?

    The roll out delays mean that it might be 2 years before royalty payments and sales start rolling in.

    According to there last financials that had just over 5 million bucks in cash with a burn about 3.5 million per half year which would put them pretty tight by June this year. I think we can assume costs will increase as plant development and construction takes place.

    My reasoning is that prudent management would want to get something done this quarter unless they were really sitting on something that would rocket the share price in the short term.

    Thoughts on how this might look and what size management may go for ?

    Last edited by brentv: 03/04/19
 
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