Another way at looking at it... Very rough back of envelope numbers, so do apologise in advance ,you can try your own numbers.. Not being negative, just the way I see it, and will have to accept it.
paramters;
hfr soi 460m once notes converted (best guess)
Y puts in A$138m using .65c conversion, and their mine, want control ie 50.1% plus.
investors subscribe A$200m
current share price 34c.
pick a deal price, I'll use 50 cents , nice round number..
to get 50% Y will need around 890m shares.
Being 460m current, 400m ($200m) cornerstones= 860m
Y gets 280m ($138m) shares therefore Southey is 'worth' 580m shares or A$290m!! 1.72 billion shares, current hfr just over 25%. At 75c should still be approx 1.4bn shares, with current hfr closer to 1/3.
Dilemma is, Southey's value or the price the cornerstones are willing to pay. I'm sure Y won't budge on the control issue. It is a takeover, sorry I meant cooperation!
It is the only deal on the table so has to go ahead...
Is becoming all to common. Very rough times even for great projects.
Fortunately as a former LPI holder got lucky on a low ball take out, seeing where Li stocks are now, many holders were squealing at the time.. Consider being a Leo Lithium holder, though different situation, still risk, got totally shafted, by a Chinese entity and the Mali government.
- Forums
- ASX - By Stock
- HFR
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HFR (ASX) to my watchlist
|
|||||
Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $117.6M |
Open | High | Low | Value | Volume |
30.0¢ | 30.0¢ | 30.0¢ | $600 | 2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 14077 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.0¢ | 67660 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14077 | 0.290 |
1 | 5000 | 0.280 |
1 | 80000 | 0.275 |
2 | 19038 | 0.260 |
4 | 343903 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 67660 | 2 |
0.325 | 5000 | 1 |
0.335 | 14800 | 1 |
0.340 | 5628 | 1 |
0.350 | 2100 | 1 |
Last trade - 15.53pm 05/09/2024 (20 minute delay) ? |
Featured News
HFR (ASX) Chart |