HIO 4.35% 2.2¢ hawsons iron ltd

Price and Chart HIO, page-5862

  1. 621 Posts.
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    So disappointed with this management the way they recklessly have spent $35m.
    1. $4m on LDA they clearly didn’t understand this crap deal. We were made to believe it was tapable.
    2. Moving from 10mtpa to 20 what which added $12m to bfs.
    3. The buy out of starlite at $10m which value the asset at $160m. They could have diluted them out
    4. Within a week we went from great to crap. Refer Chairman letter to shareholders on 14 Oct
    It has been reckless and costs dont blowout by 200-300% in a week.


    Last edited by zilliqua: 22/10/22
 
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