I don’t understand why HAW holders are worried about a 200m Line of Credit for Legacy. They should be more worried about how they are going to fund their 40% of the drilling costs going forward.
They only wise option the board has is to dilute further so as to get a free carry for the next round of drilling. I believe they would need to sign over at least a further 20% of the project to achieve this. Perhaps if there are some good results (as I believe there will be) and they consolidate HAW shares 1:10 then you could start to see some value emerge in the HAW share price. They may even be in a position to raise some capital to avoid diluting even further.
I don’t understand why HAW holders are worried about a 200m Line...
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Last
5.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.43M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 135316 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 9001 | 1 |
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