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.
Takeaway so far:GSR given a lifeline were running out of funds...
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Last
5.7¢ |
Change
0.005(9.62%) |
Mkt cap ! $39.95M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.9¢ | 5.3¢ | $65.20K | 1.153M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 225000 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 413796 | 2 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
5.8¢ |
Change
0.005 ( 11.5 %) |
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| Open | High | Low | Volume | ||
| 5.5¢ | 5.8¢ | 5.5¢ | 168127 | ||
| Last updated 15.11pm 20/05/2024 ? | |||||
| HRZ (ASX) Chart |