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.
Accepting $100m for 30% also puts a firm value of HCH at $300m....
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Last
96.5¢ |
Change
0.035(3.76%) |
Mkt cap ! $146.0M | |||
| Open | High | Low | Value | Volume |
| 93.5¢ | $1.00 | 93.0¢ | $209.5K | 217.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110 | 95.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.5¢ | 4999 | 1 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| HCH (ASX) Chart |