Australia's largest stock trading and investment forum Australia's #1 stock forum

HXG

Click for more information

4.55%

2.3¢ hexagon energy materials limited

Hexagon Looks Beyond The Swarm, page-52

First 52 Last

Share
Profile

Follow
NT.

186 Posts.

35

10/05/18

12:48

Post #: 33009418
Share

Originally posted by walkdontrun ↑

NT - we are not selling 51% of HXG but 51% of the project.
This is my simple view of the deal as I understand it.
In return for 51% of the McIntosh project MIN develop the mine and produce two piles of 96% graphite per annum. The first pile is 51kt and is theirs to sell to whoever they want. The second is 49kt and we get to upgrade all or part (probably some) of that (at our expense) to 99.999% and sell that to whoever we want for a sh*t ton more than US$2k per ton. MIN might ask us to upgrade theirs too but that will cost them.
Essentially we have a free ride to 49kt of saleable 96% graphite at a margin of about $1000 per ton or $49m EBIT. A bank will fund the upgrading plant for us based on that.
This is a brilliant deal so I am struggling with others interpretation of it not being a good deal.
Can someone closer to the co tell me if I have this right or wrong.

Expand

Thanks WDR,

I never said or thought they had sold 51% of HXG..., Just the project. (McIntosh project).
I think you are right with your summations..., I guess I am just concerned of the bully boy C.E. influence for the future.

.............................
NT.

HXG Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin jumps 8% to beat record on Trump vote optimism

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

RLF

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

There are more pages in this discussion • 4 more messages in this thread...

First 52 Last

Add HXG (ASX) to my watchlist

(20min delay)
Last 2.3¢		Change 0.001(4.55%)		Mkt cap ! $11.79M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.2¢	$24.45K	1.092M

Buyers (Bids)

No.	Vol.	Price($)
1	37	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	326201	1

View Market Depth

No.	Vol.	Price($)
1	100000	0.024
2	386221	0.023
2	147000	0.022
5	1217500	0.020
2	54368	0.019

Price($)	Vol.	No.
0.025	498695	1
0.026	289259	4
0.027	396549	3
0.028	281127	2
0.029	50000	1

Last trade - 15.36pm 06/11/2024 (20 minute delay)

HXG (ASX) Chart