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4.17%

2.5¢ hexagon energy materials limited

Disagree strongly. No CR imminent. Not at these prices and not...

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168 Posts.

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20/04/20

14:43

Post #: 44143935
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Originally posted by Topdog1: ↑

Quite a nice little rally ha ha heard it all now, its a pre-cap raise pump imo.
Look at the quarterly, they burnt through $600K in the last quarter, with $300K on admin and staff costs.
There was a news article there saying they are reducing their costs, but nothing specific as usual.
Also the $1.6M in the tin was propped up by some government grant of $440K so a cap raise is imminent.
Here's why, the REE strategy requires a $2.5M payment just to get a start on the build of a demo plant, they currently have $1.5M cash but need $2.5M. They were in a position to do a raise a while back when the SP spiked up on no news, but the virus put a halt on that plan, so here we are again. Raising at these levels is a disaster imo, especially when they raised a truckload @ 19c about a year ago, I don't know where they spent all the cash given MIN paid for all the graphite work and no cash has been paid to build the REE demo plant. DYOR

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Disagree strongly. No CR imminent. Not at these prices and not Hexagon's style.

HXG Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.5¢		Change 0.001(4.17%)		Mkt cap ! $12.82M

Open	High	Low	Value	Volume
2.4¢	2.5¢	2.4¢	$20.21K	813.2K

Buyers (Bids)

No.	Vol.	Price($)
2	198235	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	70261	2

View Market Depth

No.	Vol.	Price($)
2	198235	0.024
3	1528627	0.022
4	201949	0.021
3	194837	0.020
3	985000	0.017

Price($)	Vol.	No.
0.025	70261	2
0.026	125000	2
0.027	200000	1
0.028	359054	3
0.029	31875	1

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