The way I see it, is HFR holders should retain about 25% with Yankuang and other equity capital being issued shares for their US$220m and in effect the “premium” is Yancoal Canada/Southey, for which no money will change hands. Profits from Muga will easily fund Southey development, so it’s a win/win. HFR will get Muga into production and Yankuang will get Southey developed (and Muga Phase 2 of course). Ultimately this is a company worth billions, so 25% of it is still worth the patience required.
Ann: LoI for Cooperation on Strategic Investment, page-85
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $117.6M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 30.0¢ | $19.73K | 64.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 49912 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 29861 | 3 |
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| Last trade - 15.58pm 23/08/2024 (20 minute delay) ? |
| HFR (ASX) Chart |