Agree with @Kyriaco.
@krusty900 Reading it, it probably isn't worth that much cash. However, to be ASX price sensititive it usually needs to be 5%/10% (depending on the size of the company) HTG's size and variable revenue nature would suggest a 10% paramater is applied. See ASX Listing Rules Guidance Note 8 (in particular pages 11 and 12) for more informaiton https://www.asx.com.au/documents/rules/gn08_continuous_disclosure.pdf
HTG has confirmed that the ASX is applying a 10% guide to them.
So, for HTG to have a 'price sensitive' contract, it would need to be in excess of $300k p/a or circa $25k p/m (which is about 25 maritime licenses). As HTG's revenue grows, 10% of that revenue obvoiusly increases as well. As such, the requirement grows.
Could be anywhere up to that value, but as Kyriaco pointed out, there are a lot of non-immediate benefits, which do not warrant an ASX announcement but do warrant an update to investors...which the company has done.
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Agree with @Kyriaco. @krusty900 Reading it, it probably isn't...
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Last
1.7¢ |
Change
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Mkt cap ! $15.23M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.7¢ | $1 | 61 |
Buyers (Bids)
No. | Vol. | Price($) |
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7 | 602202 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.7¢ | 676453 | 2 |
View Market Depth
No. | Vol. | Price($) |
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7 | 602202 | 0.015 |
4 | 971251 | 0.014 |
1 | 1000000 | 0.013 |
2 | 1340890 | 0.012 |
1 | 45500 | 0.011 |
Price($) | Vol. | No. |
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0.017 | 676453 | 2 |
0.018 | 340003 | 3 |
0.019 | 34500 | 2 |
0.020 | 359989 | 2 |
0.021 | 29115 | 1 |
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