Takeaway so far:
GSR given a lifeline were running out of funds and in a difficult environment for penny stocks to raise capital
Combined entity is dilutive for HRZ over 1B shares. Hard to assess the economics without a deal for production.
Greenfields mill mentioned. It appears this hinges on a toll milling deal with FMR
FMR is a major shareholder of GSR so it would be beneficial to produce through its Greenfield's mill. Will this happen anytime soon?
Hard to quantify the benefit for HRZ shareholders.
Ann: Horizon & Greenstone Merger Announcement, page-7
Add HRZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.1¢ |
Change
-0.001(2.38%) |
Mkt cap ! $28.74M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.6¢ | 4.1¢ | $12.67K | 288.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 390000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 293534 | 1 |
View Market Depth
| Last trade - 15.47pm 13/06/2024 (20 minute delay) ? |
|
|||||
|
Last
4.1¢ |
Change
-0.001 ( 2.38 %) |
||||
| Open | High | Low | Volume | ||
| 4.1¢ | 4.1¢ | 4.1¢ | 10000 | ||
| Last updated 15.37pm 13/06/2024 ? | |||||
| HRZ (ASX) Chart |