10c according to MST, but given the urgency to sign up long term gas supply contracts, I cant see why HHR wount be able to use those offtake contracts as back to back for funding capex.
IF HHR are able to get their sh*t together, we could see them fully funded WITHOUT the need for ANY dilution to existing shareholders. The case for this possible outcome has just leapt up in percentage probabilitiy stakes, IMO, and should be worth at least 10c additional in pre production valuation... ie now.
https://hartshead-resources.com.au/...0/MST-Access-HHR-Initiation-Report-4Oct21.pdf
https://hartshead-resources.com.au/...1/11/MST-Access-HHR-Update-Report-24Nov21.pdf
Bottom line: if you are a gas re seller into a domestic market in UK for instance, and knowing gas prices will remain elevated and probably higher that current prices for the foreseable future, wouldnt you be doing daels with future suppliers such as HHR, rather than running the risk of going bust like all those resellers this year who had to scramble in the spot market to cover their contrat obligations.
Ann: Updated Corporate Presentation, page-181
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Mkt cap ! $19.66M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 23901919 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 5969924 | 9 |
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