HRZ
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2.94% 3.5¢ horizon minerals limited

Am I correct a large part of the A$4.3M was to purchase Cannon...

  1. Lowkeyinvestor
    4,118 Posts.
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    12/04/24
    18:44
    Post #: 73321946
    Am I correct a large part of the A$4.3M was to purchase Cannon was provided by way of the US$5M convertible note (repayment by taking shares instead of cash). So my point is the AISC A$1873 include that financing for Cannon but all other mine development would have a lower AISC and higher profit.

    Possibly adding a further A$8M to your A$25M = A$33M (trying to compare apples with pears).

    Just my opinion.
    HRZ Price at posting: 3.6¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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