I hate to say it but administration is my prediction too. CMC have to pay $5.5million 12 months after the first $3.5million payment, so why not delay as long as possible to get the funds together.
I'm assuming we will get the first $3.5 million before November but we will likely owe more cash than that by then hence the need for another loan/CR. HAV has dug a big hole for themselves now and I can't see how they get out of it without some left field event like SIMEC grabbing our iron ore before it's a JORC resource.
Personally, I'm weighing up the option of just taking a loss and getting some cash back before it's too late. I'll wait for the financials and see just how bad things are.
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21.5¢ |
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Mkt cap ! $72.94M |
Open | High | Low | Value | Volume |
21.5¢ | 22.0¢ | 21.5¢ | $17.12K | 79.32K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20435 | 21.5¢ |
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Price($) | Vol. | No. |
---|---|---|
22.0¢ | 65169 | 5 |
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No. | Vol. | Price($) |
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1 | 20435 | 0.215 |
1 | 89778 | 0.210 |
5 | 203247 | 0.200 |
1 | 2600 | 0.195 |
3 | 156580 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 65169 | 5 |
0.230 | 55000 | 2 |
0.240 | 153300 | 2 |
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0.250 | 5076 | 1 |
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