"JMS aims to consolidate prospective iron ore tenements at Mount Mason, Mount Alfred, Mount Bevan (Hawthorn Resources) and Mount Forrest (Mindax) into a single ownership or joint venture structure."
For me I think the only way for HAW'survival is JMS issues 100 milion shares to take over HAW, at 10:1 ratio.
For JMS, actually no cost to take over HAW, just issue more shares; for HAW, it has no more choice in the near future. Which means the SP could be around 1.6--1.8c if the bid coming. (Based on the recent news, anns, it's quite clear for me, but I donot know what the other sellers think.)
I also believe may be the main ore body is in HAW's tenement, because JMS's iron ore is near the surface,HAW's is deeper. Should the main ore body is a "U" shape, we can expect the major is in HAW's tenements.
Anyway, the iron ore is there, donot worry too much. As a 1c share, it's good enough. good luck!
- Forums
- ASX - By Stock
- today's trading
"JMS aims to consolidate prospective iron ore tenements at Mount...
Featured News
Add HAW (ASX) to my watchlist
|
|||||
Last
6.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.10M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 6.0¢ | $1.8K | 30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 86631 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.6¢ | 15294 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 86631 | 0.060 |
1 | 30175 | 0.058 |
1 | 18867 | 0.053 |
1 | 11001 | 0.045 |
1 | 31281 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 15294 | 1 |
0.070 | 15105 | 2 |
0.077 | 7617 | 1 |
0.079 | 7615 | 1 |
0.080 | 52797 | 1 |
Last trade - 15.52pm 10/07/2024 (20 minute delay) ? |
Featured News
HAW (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online