Ok that makes sense, thanks for that. That does lead to the following question though.
That means HIO raised less $$ as intended as well, on top of what probably was a lower price then they hoped they sold less shares.
So between the $10M needed for the last 6% of the Hawsons project and the $12 needed for expending to 20Mtpa I do wonder how the cash position is now? They did scrap the 10mtpa version so that may have reduced the extra needed for the BFS?
I would think they might need a bit of $$? Although getting close to completion of the BFS so maybe they managed to do it with the money at hand which would be great.
HIO Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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