HIO

9.52%

2.3¢ hawsons iron ltd

You could be right, but what explains the depraved decision to...

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Motors

8,017 Posts.

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09/08/24

09:21

Post #: 75136296
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Originally posted by That Fundamental Guy ↑

@Motors - you say that "
I'm guessing they are using the share selling facility
...." and "
I'm guessing they are raising a $1 million
..."

I am guessing that is not correct and that they are not using the LDA share facility. My reasons for this are:

The recent capital raise at 3.3 cents was over subscribed and rather than accept the funds, they scaled back and returned surplus funds. If they thought they might need additional funds, they would not have scaled back the offer.

When they previously used the facility (and the only time that they have used the facility), there was an ASX announcement advising that they were using the LDA facility to raise capital. Refer ASX announcement on 12 July 2022. I assume that ASX rules would require a similar notice if they were going to raise capital using the facility again as it would be considered a significant and price sensitive event.

The LDA does involve the sale of shares new shares which is something that you refer to. However, in order for there to be new shares, there must an ASX notice for the application of new shares (like there was last time on 19 July 2022). There has not been such notice advising of new shares, therefore it cannot be the sale of new shares.

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You could be right, but what explains the depraved decision to take the top 20 off the website? Seeing what the smart money is doing in the stock has been the only regular news we've had for over 12 months
HIO Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.3¢		Change 0.002(9.52%)		Mkt cap ! $23.37M

Open	High	Low	Value	Volume
2.1¢	2.3¢	2.1¢	$32.78K	1.491M

Buyers (Bids)

No.	Vol.	Price($)
2	61666	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	184573	3

View Market Depth

No.	Vol.	Price($)
2	61666	0.021
6	277049	0.020
6	2467103	0.019
2	75555	0.018
2	208823	0.017

Price($)	Vol.	No.
0.023	85000	2
0.024	399999	1
0.025	307439	4
0.027	195000	3
0.028	38230	2

Last trade - 15.36pm 09/08/2024 (20 minute delay)

HIO (ASX) Chart

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