Yes im not picking a bottom i just used 10cents as it was easy maths.
I think there will be buying leading upto AGM aswell maybe the week before in anticipation of the plan and capital raise.
They may also issue the capital raise at the AGM and announce a capture date of shareholders that can participate in the raise with free options and this may bring in buyers aswell.
So yes there will be volitility now but the vwap may be 30 days from AGM after this AGM announcement which may intice buying.
Citi will be advising, so they will have an astute plan.
HIO Price at posting:
11.0¢ Sentiment: None Disclosure: Held
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