In hindsight, we can see that CDP startup was a sell the news event.
The market likes catalysts and its interesting to note that HZR sp tagged 70c a few times in anticipation of CDP startup, whereas now with it actually running we're back at 46c.
The next expected catalyst is Fortis FID year end/ 2025 which is a bit far away to boost the sp now.
Progress on current and/or new partnerships is probably going to happen imo, but no guarantees as to when.
I think thats what determined the timing of the last cash raise.
HZR Chart, page-2236
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Last
33.0¢ |
Change
0.030(10.0%) |
Mkt cap ! $75.93M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 34.0¢ | 31.0¢ | $184.8K | 571.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 43000 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 72474 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| HZR (ASX) Chart |