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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29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $53.34M |
Open | High | Low | Value | Volume |
29.5¢ | 30.0¢ | 29.0¢ | $17.35K | 58.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 35244 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 21005 | 1 |
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No. | Vol. | Price($) |
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5 | 35244 | 0.290 |
4 | 35789 | 0.285 |
6 | 226855 | 0.280 |
7 | 75539 | 0.270 |
3 | 71335 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 21005 | 1 |
0.305 | 9066 | 1 |
0.310 | 32247 | 1 |
0.320 | 28080 | 3 |
0.325 | 10000 | 1 |
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