With HZN in need of cash to put the convertible note issue to bed, why not have a look at Otto? Otto are selling their Galoc asset for US$108M and planning to hand cash back to shareholders leaving them a pure exploration play - partly carried by US$24M drilling funds from an abandoned BHPB deal. Most OEL holders would prefer to hold stock with production security and exploration upside - a merger makes good sense here.
For the record - I hold both OEL and HZN.
Forget ROC look at OEL
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $296.2M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.0¢ | $248.8K | 1.348M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 810592 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 204985 | 7 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |