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3.70%

2.6¢ hawsons iron ltd

I don't think it is a solid argument though. There are...

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joevoe

50 Posts.

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14/09/23

20:26

Post #: 69864233
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Originally posted by That Fundamental Guy: ↑

@sam0408 - I acknowledge your point of view.

What is keeping me here is the world's genuine efforts to decarbonise, that steel production produces approx 7% of world carbon emissions, that currently the only proven methods (that I am aware of) to produce large commercial quantities of green steel require high grade magnetite and the world currently doesn't have much high grade magnetite being produced. Therefore, the world needs more high grade magnetite.

I accept that there is a real risk that this might not get into production. But for my comments re green steel above, those risks would be much higher. However, I believe that there is a real possibility that offtake and strategic partners will pull this into production. I acknowledge those risks but believe the risk versus potential return is worth it from these prices and what we know now.

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I don't think it is a solid argument though. There are hundreds of green-related stocks around on the ASX. So why HIO? The risk of all these stocks is high, but given the very recent problems of the company, I would say risk is higher here...

HIO Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 2.6¢		Change -0.001(3.70%)		Mkt cap ! $26.23M

Open	High	Low	Value	Volume
2.6¢	2.7¢	2.5¢	$78.10K	3.063M

Buyers (Bids)

No.	Vol.	Price($)
1	3399	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.8¢	1114423	4

View Market Depth

No.	Vol.	Price($)
1	3399	0.026
10	1377948	0.025
5	667707	0.024
6	873279	0.023
4	210499	0.022

Price($)	Vol.	No.
0.028	1114423	4
0.029	1125374	4
0.030	290613	5
0.032	193080	3
0.033	550967	2

Last trade - 16.10pm 17/07/2024 (20 minute delay)

HIO (ASX) Chart