For all the talk and deals, the old CAP remains unloved.
I have been holding since the Nick Sheard days (many years ago). The market has changed, the people have changed and CAP / HIO remains unloved.
If green steel really is the way of the future, why would FMG (or Twiggy privately) put in an offer for HIO? An offer of $100m would probably get it done…. What was the value of dividends that FMG is now paying out?….. a drop in the FMG or Twiggy financial ocean.
Sure, I get this still leaves the CAPEX part of the equation to deal with.
What I do not get is if Hawsons is so “doable” as a project, why has one of the larger Australian iron ore miners who are rolling in cash lobbed in an offer to secure / park the next “green super iron ore supply”?
For all the talk and deals, the old CAP remains unloved.I have...
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Last
3.1¢ |
Change
-0.001(3.13%) |
Mkt cap ! $28.49M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.2¢ | 3.0¢ | $296.0K | 9.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1552901 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 48634 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.2¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 3.1¢ | 3.2¢ | 3.1¢ | 2220517 | ||
| Last updated 15.50pm 03/05/2024 ? | |||||
| HIO (ASX) Chart |