HFR 3.33% 29.0¢ highfield resources limited

I'm getting a better feeling about this stock now. All the...

  1. 1,465 Posts.
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    I'm getting a better feeling about this stock now. All the finance and the regulatory consents are in place and ready to access barring 1 significant condition. HFR need to raise $100M before drawing down on the $320M and they are in final negotiations with an off-take partner. When this is done s/p will re-rate. I think deal with off-take partner may include the issue of options whereby off-take partner can buy shares at a future higher price or simple a sale of product at guaranteed price. There will be no equity raise at a discount to current price. If they do issue options and they are exercised it will help in any takeover positioning.

    Remember this project is forecast to earn $400mil ebitda in euros per year. What is the current market cap? under $A200 Million. You don't get many investment opportunities like this.
 
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Last
29.0¢
Change
-0.010(3.33%)
Mkt cap ! $113.7M
Open High Low Value Volume
30.0¢ 30.0¢ 29.0¢ $31.26K 104.2K

Buyers (Bids)

No. Vol. Price($)
1 2000 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.0¢ 16969 3
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Last trade - 14.37pm 27/08/2024 (20 minute delay) ?
HFR (ASX) Chart
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