Ann: Hawsons secures A$ 200m equity funding package, page-365

Thanks for posting that Mas37

https://companiesmarketcap.com/fortescue/marketcap/

Here is a snapshot of FMG's MC growth from listing in 2001 to present. I would say give or take HIO is where FMG was in 2003 in terms of where the market cap should ($870M) but 2005 in terms of development, FMG signed its first off-takes in Jan 2006, then finance later that year, which took the market cap from $870m to $2.25bn, then to $13.01bn the following year, and this was a remote area of the Pilbara with zero infrastructure, whereas Broken Hill has all of the necessary infrastructure in place, FMG's first shipment did not take place until May 2008. So an $870M market cap for HIO is perfectly reasonable, this is what FMG was worth at a similar stage of development albeit 15 years ago, with IO prices trading at similar levels as they are today, and not taking into account the premium HIO will receive for its 70FE super grade product, the average grade FMG produces is 58 FE, and even this is in decline. And no LDA is not selling as the options will only be issued to them on 29 December 2021 and are UNLISED in any event, and only convertible into shares 2 years from now, as for the transaction fee shares, those are only payable in December 2022...!!!