$0.03 distribution.I was expecting a bit more. But they are being conservative,
China New Maiden Prospective Resource,They declared a maiden Unrisked Prospective Resource in China of 5.9 mmbo.
To get it into perspective, HZN 2P Resources are 5.8 mmbo.
Hence lots of potential upside over the next couple of years.
From the presentation....
It appears that they may have kept cash in the bank to fund additional exploration in the short term.
It appears that "the when" will largely be determined by Rig availability..
It appears that a mid-year distribution is possible.
Focus on Shareholder Returns and New Exploration in China
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HZN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $324.6M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $86.65K | 425.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 1229725 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 812964 | 2 |
View Market Depth
| Last trade - 13.50pm 22/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |