Zeta owns 70% of HRN - and I doubt they would offer a $3m UNSECURED loan to HRN for 8% interest when you can get 5% risk free on a term deposit.
No - I think there is still a bigger game being played here.. Perhaps Zeta trying to form a blocking stake via HRN so that when someone attempts to takeover AME, they can try to leverage a deal to have HRN form part of the consolidation package..
Ann: HRN: Purchase of Alto Metals Limited Shares, page-8
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Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.41M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.8¢ | $22.19K | 584.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 331836 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 231053 | 2 |
View Market Depth
| Last trade - 10.12am 31/05/2024 (20 minute delay) ? |
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Last
3.8¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 3.8¢ | 3.8¢ | 3.8¢ | 15900 | ||
| Last updated 10.12am 31/05/2024 ? | |||||
| AME (ASX) Chart |