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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Last
22.0¢ |
Change
-0.010(4.35%) |
Mkt cap ! $38.80M |
Open | High | Low | Value | Volume |
23.0¢ | 23.0¢ | 22.0¢ | $222.2K | 994.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 105799 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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22.5¢ | 79532 | 1 |
View Market Depth
No. | Vol. | Price($) |
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4 | 95799 | 0.220 |
1 | 93023 | 0.215 |
3 | 275238 | 0.210 |
6 | 80026 | 0.205 |
6 | 84500 | 0.200 |
Price($) | Vol. | No. |
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0.225 | 79532 | 1 |
0.230 | 95328 | 2 |
0.240 | 123848 | 5 |
0.245 | 22415 | 2 |
0.250 | 196400 | 1 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
22.0¢ |
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Change
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Open | High | Low | Volume | ||
23.0¢ | 23.0¢ | 22.0¢ | 156889 | ||
Last updated 15.56pm 31/05/2024 ? |
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