I certainly agree that small caps struggle to get big projects off the ground because they aren’t structured to raise capital. I guess that’s what makes them so attractive to the retail investors; very cheap with huge potential! Back 10 and get 1-2 20 baggers and you are in heaven particularly if 3-4 get smart and sell out to a big boy or JV with some money.
Todays deal might seem expensive but actually if we can pull this off with a 3 to 1 dilution it will be worth it. Certainly better than sitting on my deck in 10 years time drinking a cheap red and reading how Hawson is going to be the next biggest IO producer ……. again!!!!!
Looking forward to seeing if they can actually pull this one off like FMG and Hancock did.
HIO Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
