"The Agreement gives Hawsons the right to purchase the three blocks of land totalling 1,000 acres, for $14 million at any time within two years of the execution date."
At a time where all this stuff is about to fall to the ground in price. It would have been easy I reckon to get this deal, people are trying to get rid of all their investment in real estate right now, I guess that will extend to this land but I am not sure. The option after 2 years, quite nice, because if shit really does hit the fan economically it's already started and likely to tank prices in the next 2 years. But we have the option, so if prices do go south we can look for a better deal.
HIO Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held
