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4.3¢ hammer metals limited

Ann: Commencing Preliminary Discussions, page-38

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blatant

30 Posts.

6

15/02/24

10:04

Post #: 72416932
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Originally posted by patricus: ↑

Think you are spot on here Geo and this explains the different share price directions and qanta. CNB sp would be negatively affected as HMX is massive dilution for little immediate benefit. Yes they'd get increased tonnage and access but given the dire cash position of HMX and their inability to hit pay dirt or even stay on target .... why bother. Just wait until they implode and cherry pick the pieces.
HMX on the other hand is desperate for both cash and results so the talks represent a real benefit, plus has the ability to revise current management which has not only failed to deliver but actively driven sp down. This is why it's boosting HMX.
Personally, I think it will end in a cash for access/partial tenement which will work for HMX as it keeps them alive and in lucrative employment, and CNB as it develops their asset.

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Unlikely that HMX will “implode and allow CNB to cherry pick the pieces”.

Agree with this.

The thing is Patricius, HMX will raise money and will survive well beyond the time period CNB need even if there is further dilution. CNB needs the land asap and they know it... as you do. Waiting for HMX to 'implode' is just wishful thinking and will not happen for years, beyond the tolerance of CNB.

Last edited by blatant: 15/02/24

HMX Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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1 Great analysis

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(20min delay)
Last 4.3¢		Change 0.000(0.00%)		Mkt cap ! $38.11M

Open	High	Low	Value	Volume
4.2¢	4.3¢	4.2¢	$4.043K	94.01K

Buyers (Bids)

No.	Vol.	Price($)
1	74997	4.3¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	1356368	2

View Market Depth

No.	Vol.	Price($)
1	199950	0.042
2	18469	0.040
2	337853	0.039
1	128500	0.038
2	240000	0.037

Price($)	Vol.	No.
0.043	93963	2
0.044	1356368	2
0.045	185703	2
0.046	320000	3
0.047	200000	1

Last trade - 13.00pm 02/09/2024 (20 minute delay)

HMX (ASX) Chart