That's right HEG have the right to place the unexercised 55M HEGO, one assumes that they could allocate that holding to a cornerstone investor i.e. committed long-term and/or strategic - someone may be interested in a stake in a potentially very large resource base and low cost operation and $10M for that position may be very attractive.
Didn't they just appoint an experienced M&A lawyer as a director? Maybe just a coincidence?
I'm not for one moment suggesting they just throw the placement out there and leave a huge overhang in the stock.
Just my idle thoughts.
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Last
4.3¢ |
Change
0.008(22.9%) |
Mkt cap ! $120.7M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.3¢ | 3.8¢ | $1.547M | 38.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 313458 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 1389179 | 6 |
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| Last trade - 16.10pm 03/07/2025 (20 minute delay) ? |
| PUA (ASX) Chart |