My guess is one of two funders, either the Chinese who Singleton has been seeing a lot of lately (mentioned great interest in POS from Chinese steel mill players at the AGM when I quizzed him about funding options after the meeting) or could it be that Harbinger have turned turtle and will now honour their con notes at a newly negotiated price.
I believe the last time they gave the company $15m it was struck at $1 per share, I doubt that would happen now with the SP at this level but won't surprise to see it done at some sort of premium to the current SP.
Dilution is not a concern to me, especially if they now have the funding capability to turn on the production switch in the next 12-18 months while drilling the bejesus out of the new discovery areas and proving up a massive resource.
Delayed Xmas present here, but hoping this is the start of the new POSitive direction for a company that has meandered long enough.
Good luck to all longs and DYOR!!
Merry Xmas
Eyeknow
My guess is one of two funders, either the Chinese who Singleton...
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $18.56M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $72.21K | 14.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 20637007 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 35270472 | 31 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| POS (ASX) Chart |