HAZ 0.00% 4.0¢ hazelwood resources ltd

Ann: Suspension from Official Quotation , page-43

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  1. 516 Posts.
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    I would imagine its not going to be even close to 5cps raise. If you put the ASX junior graph, their peers etc and look at the pullback everything has had since HAZ went into suspension they would be around 5cps now even if things were OK in my opinion.

    Put the word 'distress' into the mix in a market dry of capital for risky ventures/bad management etc and I would think it could be horrible. Some ratio SPP at 1-2cps. Look at what NAV have just had to do. It wipes out people who don't chip in (again).

    Just my opinion, but 8.5cps is a relic of a bygone era when assessing what will happen now.

    Best of luck to all and hopefully it comes back.
 
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