Zero chance , impossible to monetise these things at this early stage . No it will be a down and dirty capital raise in the next month, will it be done at 2.5 cents or 3 cents is the only real question. Dilution will be awful unless you take up full allocation (surely we will be offered a rights issue), but most will be placed with someone like a regal/L1, so you will need to be buy on mkt as well at the deal price to avoid dilution. At least Regal has a way of making sure you get them with its ruthless dumping.
The lack of any attempt by management to support the share price the last 6 months tells you all you need go know, nothing to see here
HIO Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
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