Actually if you look at their pre feasibility study, it states that HIO will need $1.4billion for the 2 year period before production(revenue).
I'm worried how HIO will meet that funding requirements especially when looking at their recent financing activities - $5mill in Q4 2022, and this $8.7 million.
Also what's going on with LDA's $200million. I thought they had put option on that, Why arent' HIO utilising this facility?
Bottom line - i'm concerned of their funding capabililty.
What you guys think?
Ann: Trading Halt, page-100
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