The stock was marked down due to the risk of admin etc. Now that that risk is gone the stock should trade back up over the 60c range at least.
Dont forget that this company has $3.5B worth of work on its books and is also now fairly much controlled by one of the worlds largest mining houses.
Once the recap takes place it will be debt free also.
As a final note...have a look at the AWC announcement regarding a large upgrade at the aluminuim facility in Jamaica....owned partially by Glencore and operated by guess who????.....thats right HWE.
Now look at all the mining porjects owned by glencore...who do you think will get the operating contracts?
I see above 60c for this post new year and the rights should therefore trade above 20c
But dont listen to me...i own HWE shares.
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