With HZN in need of cash to put the convertible note issue to bed, why not have a look at Otto? Otto are selling their Galoc asset for US$108M and planning to hand cash back to shareholders leaving them a pure exploration play - partly carried by US$24M drilling funds from an abandoned BHPB deal. Most OEL holders would prefer to hold stock with production security and exploration upside - a merger makes good sense here.
For the record - I hold both OEL and HZN.
Forget ROC look at OEL
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Last
19.3¢ |
Change
-0.008(3.75%) |
Mkt cap ! $312.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.0¢ | $391.2K | 2.007M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 2566980 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 470202 | 5 |
View Market Depth
| Last trade - 13.31pm 27/09/2024 (20 minute delay) ? |
| HZN (ASX) Chart |