Agree about the facility but this should (hopefully) be...

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s33k3r

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30/07/24

12:51

Post #: 74980960
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Originally posted by mondyinvest: ↑

Like all of the companies with these dreadful ATM facilities, HIO include the $7.49M of the facility as available funding even though to draw down on this would tank the share price even further (to get the full $7.49M even at the current share price they'd have to issue 356.7M new shares, i.e. dilution of 35%). Even though ASX quarterly reporting standards require them to include it, it's a nonsense to pretend they could access all that cash.

Without that figure, they really only have 2 quarters cash left (and that after doing a raise during the June quarter)
Total outflows for the June quarter: ($1,652k)
Total cash remaining: $3,299k
Quarters of funding: 2.0

If you take off the $250,000 they've just had to pay to settle the Pure Metals claim, they're down to 1.8 quarters. How long do companies like this keep raising cash from shareholders to pay their salaries when even the low-cost iron ore majors like FMG are on the nose? Time to wind it up, unfortunately.

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Agree about the facility but this should (hopefully) be significantly less in the September quarter:
HIO Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.1¢		Change 0.002(10.5%)		Mkt cap ! $21.34M

Open	High	Low	Value	Volume
1.9¢	2.1¢	1.8¢	$22.23K	1.159M

Buyers (Bids)

No.	Vol.	Price($)
2	64089	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	259218	3

View Market Depth

No.	Vol.	Price($)
2	64089	0.019
7	1967937	0.018
5	478358	0.017
6	819000	0.016
4	430000	0.015

Price($)	Vol.	No.
0.021	259218	3
0.023	24761	1
0.024	163969	2
0.025	642860	1
0.026	11111	1

Last trade - 16.10pm 17/06/2025 (20 minute delay)

HIO (ASX) Chart

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