I think this is a great outcome.
No Regal.
Directors putting their own money in.
2.25 mill raised from institutions and sophisticated investors.
1:1 options meaning that in future the company can possibly raise money from this necessarily having to go to market.
The 2.25 mill is significant as it represents something of a change in sentiment towards the project. There's probably enough positivity/upside there for these investors to justify putting their money in.
If you're worried about dilution - participate in the cap raise.
Ann: Hawsons Capital Placement, page-14
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Mkt cap ! $28.25M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.7¢ | $21.60K | 768.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1293604 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 300655 | 6 |
View Market Depth
| Last trade - 11.19am 17/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 2.8¢ | 2.8¢ | 2.8¢ | 440633 | ||
| Last updated 11.19am 17/06/2024 ? | |||||
| HIO (ASX) Chart |
