Markucc, Your cynicism is justified IMO. There were actually two critical announcements prior to the trading halt. The Lithium and the Mt Webber claw back. IMO the timing of these things would make anyone wonder about contiuous disclosure compliance. Also a few rock chips is a long way from a lithium "discovery", however as I said in a previous post, IMHO the real value in this stock is the production potential from Balline and Mt Webber which could produce significant earnings. They also have good exploration potential in NT for uranium and base metals and some nearology with THX. IMO it was a given that when the Mt Webber clawback was announced they would need to raise capital to fund it. I just hope the capital raising is a rights issue at a discount that reflects the share price over the past couple of months not the last couple of days. Hopefully it will consider all existing share holders and not just be a placement to institutions.
HDN Price at posting:
26.9¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)