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2.82%

34.5¢ hazer group limited

Ann: Investor Presentation - ASX Small & Mid-Cap Conference 2019, page-121

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goggledog

7,060 Posts.

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16/09/19

08:49

Post #: 40431482
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Originally posted by Ohrweh ↑

The 1.5 million Series D options belong to Andrew Cornejo and were issued at the IPO.

I think there’s very little chance Hazer would rely on ex-management to see them through, so all those options have probably become nice-to-haves.

The company seems to be getting a lot more investable, though. It’s been heavily retail-driven, so now could be an attractive entry point for an institution. Alternatively, funding could be provided in conjunction with the CDP partners, or the mooted Asia deal.

Moreover, we don’t know yet if Hazer will need to divert any of its own cash pile into the CDP. If not, they should have enough in the bank for at least a year, I believe. This would give them time for a cap raise at a decent SP sometime next year.

MIN might convert their options, but perhaps only enough to retain their present percentage holding. (Would they go the whole hog and try taking Hazer over? Too early for my liking.)

All guesswork, but with its ARENA endorsement and overall promise, I doubt finding cash will be much of a struggle, and hopefully without much dilution for us.

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Thanks @Ohrweh,

I've added Cornejo to my file (see below). There's still a bit of data missing.

HZR Price at posting: 39.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 34.5¢		Change -0.010(2.82%)		Mkt cap ! $79.38M

Open	High	Low	Value	Volume
35.5¢	36.0¢	33.5¢	$47.05K	133.9K

Buyers (Bids)

No.	Vol.	Price($)
3	7328	34.5¢

Sellers (Offers)

Price($)	Vol.	No.
36.0¢	6263	1

View Market Depth

No.	Vol.	Price($)
3	7328	0.345
1	1500	0.335
4	25100	0.330
3	7633	0.320
2	40001	0.315

Price($)	Vol.	No.
0.360	6263	1
0.375	13545	3
0.380	40118	4
0.390	5000	1
0.400	25146	2

Last trade - 16.10pm 07/11/2024 (20 minute delay)

HZR (ASX) Chart