HRZ 2.08% 4.7¢ horizon minerals limited

Not sure about the construction of our own mill next year , the...

  1. 399 Posts.
    lightbulb Created with Sketch. 51
    Not sure about the construction of our own mill next year , the cost at the beginning of last year was indicated at around $80 mil ,since then the cost is up 30-50% according to management , and will likely raise further into the year.
    unless our SP increases substantially, financing130-150 mil would require excessive dilution of share base if SP stays in the region of 12-13 cents as it has for the last year, regardless of the great news we have had.

    The best result i can see going forward is either a merger with a company with a mill or find a second hand mill to dismantle and relocate .
    would be interested in any other ideas the group has ,and put forward for discussion .
 
watchlist Created with Sketch. Add HRZ (ASX) to my watchlist
(20min delay)
Last
4.7¢
Change
-0.001(2.08%)
Mkt cap ! $52.57M
Open High Low Value Volume
4.8¢ 4.8¢ 4.7¢ $25.45K 539.8K

Buyers (Bids)

No. Vol. Price($)
1 128250 4.7¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 256067 2
View Market Depth
Last trade - 15.39pm 01/10/2024 (20 minute delay) ?
HRZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.