AME 2.56% 3.8¢ alto metals limited

Ann: HRN: Purchase of Alto Metals Limited Shares, page-10

  1. 11,648 Posts.
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    Hmm..
    HRN is a strange beast. The main holder Zeta has been holding the assets above AME for ages... and whilst they are slowly getting their act together in terms of drilling, they are.... an unknown.
    Consolidation is logical, but.... how are HRN going to fund everything? Using debt to buy the AME shares just seems strange to me.

    I guess we will learn more soon enough when AME raises capital. Will HRN support, logically yes, but... they hardly have a big pile of cash.
 
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