HIO 4.35% 2.4¢ hawsons iron ltd

Ann: Hawsons Secures Port Land Option Agreement, page-28

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  1. 1,633 Posts.
    lightbulb Created with Sketch. 49
    Oooo

    "The Agreement gives Hawsons the right to purchase the three blocks of land totalling 1,000 acres,
    for $14 million at any time within two years of the execution date."

    At a time where all this stuff is about to fall to the ground in price. It would have been easy I reckon to get this deal, people are trying to get rid of all their investment in real estate right now, I guess that will extend to this land but I am not sure. The option after 2 years, quite nice, because if shit really does hit the fan economically it's already started and likely to tank prices in the next 2 years. But we have the option, so if prices do go south we can look for a better deal.



 
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