Ann: 20 Mtpa BFS and MOU with Flinders Ports, page-33

IMO there is little chance that this announcement is a coincidence with current market conditions. There is just no way IMO. Very good timing if I am right, I don't know about board of directors and C-level how they operate etc, but I am quite sure this precise timing just being a coincidence is not likely.

This news was desperate given what's happening in the markets - as you guys have been spruiking some time - I reckon that this news was basically already known and confirmed and either they wait for an exact good moment to release the results or they were forced to to prevent HIO from crashing too hard and to make sure existing investors dont get spooked.