HAW speak of a spin-out of gold assets, and LCY speak of the in-specie. From LCY's last Quarterly:
"Upon acquiring suitable projects, Legacy will look to extract the greatest value for shareholders, with some options available including ongoing exploration and development or a return of capital via an in-specie distribution."
____________
It's interesting- they are both thinking the same thing! Maybe LCY will become LCY Coal and LCY Iron?
The Indians have put into LCY and the Chinese have put into HAW. No-one does much for free, though, so if there are spin-offs, in-specie shares or a capital return, the Indian/Chinese investors will get some of their investment/placement money back.
Having had just the most surface glance of these companies, the sensible ting- at some stage and if they both stop dropping- would be (for me) to buy both. They both seem to want to give out something for nothing- if there is such a thing on the ASX.
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $107.9M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.4¢ | $17.31K | 1.232M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 611569 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 33752 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 611569 | 0.013 |
1 | 80000 | 0.012 |
3 | 590501 | 0.011 |
2 | 150000 | 0.010 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 33752 | 1 |
0.015 | 437617 | 1 |
0.016 | 444887 | 6 |
0.017 | 64931 | 2 |
0.018 | 4767015 | 12 |
Last trade - 14.28pm 19/08/2024 (20 minute delay) ? |
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