Australia's largest stock trading and investment forum Australia's #1 stock forum

HIO

Click for more information

4.55%

2.3¢ hawsons iron ltd

Ann: Prospectus - Shareholder Offer, page-4

First 4 Last

Share
Profile

Follow
next2us

461 Posts.

132

06/05/24

11:48

Post #: 73682329
Share

Originally posted by Alejandro1: ↑

With 1 for 1 free attached options, shares may as well be issued for $0.0165 each.

This $2.25M is just enough to cover corporate expenses for 1 year, yet it increases SOI by 10%. Exploration is done, they have indicated that no more of it is needed pre BFS approval. Wise course would be to wait for some cashflow prior to drilling for more. All no hinges on what happens around August when BFS, which may be turned down by all if they consider the project unfeasible at current input cost. All 7 prospective lenders may turn around and say "we are not happy with the evidence before us, can you go and do some more drilling?", or lack of clarity may invite unfavourable lending offers to HIO.

Outcome of BFS will make or break HIO. MD has decided to leave at a good time, he may smell blood in the water and does not want any of his to add to the mix, or he wishes not to partake in shenanigans and hoop jumping post BFS.

Expand

Unfornately BFS is still 18-24 months away. See ASX announcement dated 28 Nov 23

HIO Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

RBA holds rates as ALP election campaigning kicks off – expect more political focus

BNZ

BENZ Mining jumps +17% as it snatches up WA gold projects from Spartan Res

FCG

Freedom Care Group reveals NDIS wants to ban it providing program services

There are more pages in this discussion • 53 more messages in this thread...

First 4 Last

Add HIO (ASX) to my watchlist

(20min delay)
Last 2.3¢		Change 0.001(4.55%)		Mkt cap ! $23.37M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.3¢	$1.38K	60K

Buyers (Bids)

No.	Vol.	Price($)
5	949977	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	42437	2

View Market Depth

No.	Vol.	Price($)
5	949977	0.022
9	1031221	0.021
19	4140827	0.020
7	2132683	0.019
6	3300109	0.018

Price($)	Vol.	No.
0.023	42437	2
0.024	1025000	2
0.025	156966	2
0.026	35000	1
0.027	291076	2

Last trade - 10.40am 06/11/2024 (20 minute delay)

HIO (ASX) Chart