Given LCY owns 18% of HAW, NMDC will be indirectly buying 9% of HAW if the MOU is followed through with. In the lead up to this sale of 50% of LCY to NMDC, this will clearly undermine LCY's independent valuation currently being undertaken and therefore sale price.
LCY should be furiously working to increase market confidence in HAW. Unless they want to take advantage of HAW's hard times by increasing their stake in HAW beyond 18% through on market purchasing or providing loans convertible into equity.
Any thoughts guys?
haw's falling sp undermining lcy hand?
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Last
6.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.10M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 116631 | 6.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.6¢ | 15294 | 1 |
View Market Depth
| Last trade - 07.00am 10/07/2024 (20 minute delay) ? |
| HAW (ASX) Chart |
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