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....
Read this post maybe...
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Last
29.5¢ |
Change
-0.010(3.28%) |
Mkt cap ! $53.34M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 28.5¢ | $57.43K | 195.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 95221 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 1258 | 1 |
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| Last trade - 15.57pm 31/07/2024 (20 minute delay) ? |
| HAS (ASX) Chart |