The difference here is HIO has $35m in the bank which will fund the completion of the BFS so no need to draw any of the $250m till at least Dec 2022 if at all as a resource upgrade will hit in March/April (positive for SP) and off take agreements as well (positive for SP) which may come with better boworring terms or equity. The death spiral capital you talk of is with companies with no funds and no real assets.
This is a handy funding package totally at the discretion of HIO for 2% outlay and that is not required till Dec 2022.
Ann: Hawsons secures A$ 200m equity funding package, page-225
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Last
2.6¢ |
Change
-0.001(3.70%) |
Mkt cap ! $26.42M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.8¢ | 2.6¢ | $24.84K | 927.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 185242 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 1125000 | 2 |
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| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| HIO (ASX) Chart |