@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.
HTG Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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