HIO 0.00% 2.1¢ hawsons iron ltd

as a holder/past holder of both (used to own HIO - on sidelines...

  1. 3,710 Posts.
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    as a holder/past holder of both (used to own HIO - on sidelines for now), ur analysis is v poor. enterprise value is what matters (to compare apples to apples)

    GRR has almost ~$550m (95% of its mkt cap!!) in CASH. so enterprise value is a mere $50M at best. cash+rec'bles at June were @ $500m (CASH!!!)....add a qtr production....ill let u do the sums....we are practically like for like enetrprise wise, yet GRR is established, operational and doesnt have a $2bn OVERHANG....

    chalk n cheese mate.

    good luck getting funding.....$2bn isnt pocket change. it comes in the form of MEGA dilution or worse, a chinese takeover and they never bold well for any1.

    will vouch for the economics of HIO, yes, blows GRR outa the water - no questions. but HIO is scrtaching its head right now while GRR is getting on with BUSINESS and rolling in...well, u know, what u guys need most...

    gltah

 
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