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
92.0¢ |
Change
-0.005(0.54%) |
Mkt cap ! $137.7M | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 96.0¢ | 90.5¢ | $127.5K | 135.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1302 | 92.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.5¢ | 7000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
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Last
92.5¢ |
Change
-0.005 ( 0.54 %) |
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| Open | High | Low | Volume | ||
| 95.0¢ | 96.5¢ | 91.0¢ | 23323 | ||
| Last updated 15.59pm 18/06/2024 ? | |||||
| HCH (ASX) Chart |