HXG 5.26% 1.8¢ hexagon energy materials limited

Comnpany announces capital raise is coming, page-6

  1. 1,378 Posts.
    lightbulb Created with Sketch. 1184
    So we have a PFS that is not really a PFS, no jorc, no npv, no cashflows. Actually not a figure amongst it.

    The company had $1.8m in the tin in Dec, and it is burning $1.6m a qtr.

    We are now 2 months into this qtr so there must only be about $500k left in the bank and we have no idea of payables.

    Russia has Invaded Ukraine.

    There is no contract for feedstock, no jorc, no infrastructure, no capex costings, no plans for reformers, no mou or sales contracts. What exactly do they have?

    and they are coming knocking for money again after squandering $6m on ebony fiasco.

    Who is going to contribute
 
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