HIO currently has a mkt cap of AUD 30 mill , with $8 million at the bank, a $150mill lending facility (unused), approx $100bn of iron Ore (discovered) , and a network of non-binding off-take type agreements. The negatives are management that has essentially walked away from this and a rogue substantial shareholder, Regal. If its all about management then valuation is about right, if the market ever switches to focussing on the assets then 50 cents would be a reasonable takeover price ($500 mill)
Interesting to see Kenneth Joseph Hall on the register with 12.7 million shares, when did he get on the register?
Top 20 Shareholders, page-593
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.34M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.1¢ | $17.42K | 812.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2660687 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 67330 | 2 |
View Market Depth
| Last trade - 13.31pm 06/09/2024 (20 minute delay) ? |
| HIO (ASX) Chart |