LDA will not be taking any more shares then they actual sell of this 30 trading period. That'ss how these facilities work. If they end up selling 13m out of 25m then it will be 13m x the 30 day vwap price = So I suggest $4-4.2m will be raised. The balance of the 12m shares will be cancelled by HIO.
On the LDA accounment back in December it is most certainly removed from IRESS as I use IRESS ( which is used by the entire Investment banks, brokers, ASX participants in Australia).
We know what they need the funds for my comment was that they will fall well short of $10m that is a fact soon to be confirmed after August 22nd.
LDA is not a investor they simply facilit funds by selling it on market so they end up with zero exposure unless they get free oppies which they get in this case.
Price and Chart HIO, page-4786
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Last
3.2¢ |
Change
0.002(6.67%) |
Mkt cap ! $31.31M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.2¢ | 3.1¢ | $38.59K | 1.243M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 3127885 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 754465 | 5 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
3.1¢ |
Change
0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 3.1¢ | 3.1¢ | 3.0¢ | 605333 | ||
| Last updated 15.47pm 16/05/2024 ? | |||||
| HIO (ASX) Chart |