I would have thought current shareholders ending up with a third when it all settles seems unlikely.
It states Yankuang will end up major shareholder , control HFR and consolidate the earnings on their balance sheet. That suggests to me they will have minimum 51%, for US$90m & the Canadian assets. Apologies in advance if I'm wrong. Then there is the balance of a further US$130m and the notes to convert some A$30m.
The Devil will be in the detail. However it has to be done, and gives some hope.
Ann: LoI for Cooperation on Strategic Investment, page-9
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Last
31.5¢ |
Change
0.010(3.28%) |
Mkt cap ! $123.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 30.5¢ | $10.10K | 32.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 35000 | 2 |
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| Last trade - 15.41pm 19/07/2024 (20 minute delay) ? |
| HFR (ASX) Chart |