Cazzo,
No doubt there will be a capital raising to fund the Mt Webber claw back. Past history with HDN and its tight shareholding points to a rights issue. The trend with recent rights issues in the market by other companies also suggests a good discount to market with perhaps an oppie to sweeten it. If this is the case it would be a no brainer to take up the rights IMHO. This stock has previously been to $0.50c+. This was before it had the iron ore and mineral sands with real potential to turn $60.0m EBITDA per year for 30 years. The next few months should have a good stream of positive news and if the market holds up, the sky is the limit IMHO.
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Last
$1.26 |
Change
-0.025(1.95%) |
Mkt cap ! $2.628B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.27 | $1.26 | $4.060M | 3.223M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 40558 | 5 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| HDN (ASX) Chart |