Accepting $100m for 30% also puts a firm value of HCH at $300m. CE believes hes Twiggy Forest running an amalgamation of FMG and Equinox and such a low valuation at this stage would be hard on the ego. The CR can be spun as a defensive move to protect against vultures.
If we really do have a $100m offer for 30% of HCH and the boatd is still negotiating with that party then any increased offer will have to cover these new shares.so the offer would have to increase to $125m for 30% just to equal the initial offer. We also are meant to have 6 months of cash still. Whats the hurry? As usual CEs spin doesn't align with actions.
Ann: Trading Halt, page-286
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Last
83.5¢ |
Change
-0.010(1.18%) |
Mkt cap ! $126.4M | |||
| Open | High | Low | Value | Volume |
| 84.5¢ | 85.0¢ | 82.0¢ | $133.7K | 160.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5333 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 24445 | 2 |
View Market Depth
| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| HCH (ASX) Chart |