Very interesting that Australian Super have handed their 7% to BCI, the Terry Stokes backed SOP project in WA.
BCI have just raised $1.2B for a longer life (60 years) but inferior economic project. (IMO).
Likely a strategic stake in HFR given any takeover attempt would need to be fully priced given 4-5 holders control ~ 45% of HFR and also I would imagine BCI asked for the stake for Aussie Super as part of their convertible note.
I think many discount how close this project is to the business end. It's really Private Equity dressed as a public company.
Very interesting that Australian Super have handed their 7% to...
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Last
28.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $109.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8480 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 28448 | 5 |
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