Very interesting that Australian Super have handed their 7% to BCI, the Terry Stokes backed SOP project in WA.
BCI have just raised $1.2B for a longer life (60 years) but inferior economic project. (IMO).
Likely a strategic stake in HFR given any takeover attempt would need to be fully priced given 4-5 holders control ~ 45% of HFR and also I would imagine BCI asked for the stake for Aussie Super as part of their convertible note.
I think many discount how close this project is to the business end. It's really Private Equity dressed as a public company.
Ann: Becoming a substantial holder from BCI, page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HFR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
28.5¢ |
Change
0.005(1.79%) |
Mkt cap ! $111.7M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 28.5¢ | 28.5¢ | $6.047K | 21.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8301 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 6300 | 1 |
View Market Depth
| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| HFR (ASX) Chart |