The second tier secured convertible note would always be the easier of the two to close and it still took some time. The next stage? not confident.
I write this carefully and don't want to divert the discussion towards anything in relation to old/new management capabilities or motivation or existing shareholders (long-suffering), but IMHO, the price of 1.0c is not going to get this over the line as it still values the existing business too highly for the next group of investors to feel comfortable with.
The tungsten market right now is diabolical, with Euro APT prices having halved in less than 2 years (only quoted as its the more liquid/known of the suite tungsten prices and the correlation with FeW is not bad) and that's bad for investor sentiment. As we know, sentiment can be the most powerful aspect in relation to any fundraising. My specialty metals stock investments have been a VERY mixed bag over the past few years.....
I personally think the Vietnam plant was a good concept and was inspired when turning the original HAZ from the owner of marginal W resources into something better, but it (business plan) has not worked for whatever reason. Thats reality. Unfortunately this is not going to pay back people who invested 5,4,3,2 or even 1 year ago IMO.
Best of luck holders.
HAZ Price at posting:
1.9¢ Sentiment: Sell Disclosure: Not Held
