Read this post maybe (https://hotcopper.com.au/posts/66225940/single sorry its long) but Twiggy hasn't paid anything yet. He loaned $150M to HAS for Neo shares (which have since dropped to $50M in value) and is collecting $18M a year interest on that loan. In three years time after compounding, Twiggy will ask for his $210M back and HAS could well be in a very difficult spot yeah?
NEO may be only worth $75M by that time as a distressed block sale, and the other $135M might be very dilutive to raise on market. Even if HAS get equity funding this year to start building a mine, in three years time they will have approx $400M project debt in addition to Twig's $210M debt, no production revenue yet, and Twiggy demanding repayment of his $210M debt, right now, thank you. It might have snafu'd the market into CR raise of the year at $4.50, but it potentially leaves HAS in a very weak position indeed....
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27.0¢ |
Change
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Mkt cap ! $48.82M |
Open | High | Low | Value | Volume |
27.5¢ | 28.0¢ | 27.0¢ | $10.38K | 37.93K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 125609 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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28.0¢ | 3169 | 2 |
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No. | Vol. | Price($) |
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8 | 115609 | 0.270 |
4 | 54951 | 0.265 |
4 | 93571 | 0.260 |
6 | 67663 | 0.255 |
4 | 274000 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 3169 | 2 |
0.285 | 10526 | 1 |
0.290 | 30000 | 1 |
0.295 | 88998 | 2 |
0.300 | 33100 | 6 |
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