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4.5¢ heron resources limited

I refer to debt and equity financing because it was specifically...

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Wyman Wells

315 Posts.

20/05/17

13:43

Post #: 24811368
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I refer to debt and equity financing because it was specifically foreshadowed by the company in the recent announcement. But yes, there's a range of options in the mix. Also worth keeping in mind the board holds a lot of shares. I'm sure they're motivated by self-interest in wanting to minimize the impact of dilution of current shareholders

Originally posted by arsenic ↑

Just because you don't know of other financing mixes doesn't mean they don't exit.

For instance if the project represents compelling value  on a NAV, basis which I believe it does, why couldn't they sell say 30 % to a interested party zinc refiner.  That goes some way towards the takeover but with considerably more shareholder value.

I've also written about convertible notes before.  There's also mezzanine financing.

I feel some shareholders who are disappointed with SP and delays keep regarding the board as babes in the woods, which they are not. Witness the spin-off of Ardea.

Further I could categorise the delays, as careful sequential handling of the issues. I'm sure it wouldn't be a popular position though.  However, in investing, popularity and investment returns tend to be opposing factors. Just ask (the much hyped) Warren buffet.

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HRR Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
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