HIO 7.69% 2.4¢ hawsons iron ltd

Ann: Hawsons secures A$ 200m equity funding package, page-120

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  1. 2,989 Posts.
    lightbulb Created with Sketch. 4363
    Haha. You wish.

    This deal is a genius deal from management. It is far better than a CR placement. Up to $200mil in tranches at 10% discount to 30 day VWAP at earliest end of 2022 (because HIO does not need any more money until end of BFS completion in Dec 2022) when sp is above $1.50 after many major milestones during the next 12 months (resource drilling updates, resource upgrade, EIS submission, off-take agreements, pilot plant completion, product testing, engineering and designs competed, more customer engagements.

    This deal will help HIO tremendously in terms of PR, and will help accelerate off-take agreement negotiations and more financing deals because it shows many major investors and financiers that HIO is firmly moving to production.

    Major investors are moving in from today and that is why you can see they have the ability to steal cheap shares from retail holders but it will move up relentlessly in the weeks and months ahead to 20% MC/NPV.

    LDA Capital is willing to take 71.5mil options at strike price of at least 70c. They know what they are doing.
 
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