• Financial risk – the ability to fund the group’s activities before forecast first material royalties from Mineral Resources are received in FY22E.
Recommendation:
Speculative Buy (Higher risk)
Agree about ratings agencies and broker reports etc.. Dime a dozen and half are ‘paid for’ by the companies that they are supplied to.
I see where your confidence and optimism is coming from, but the $$ for the demo, even if it is bio gas, some can come from Arena.. but 30mil is a lot when the ‘walking around money’ hazer need is significant. Around 1 mil per half (I’ll be generous.)
HZR Price at posting:
23.0¢ Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)