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0.9¢ horseshoe metals limited

Thanks Shady Merv, Looks like SP stalled at 1.2 cents !!! I was...

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nabinpaudel

1,853 Posts.

4

07/03/19

11:53

Post #: 37683620
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Originally posted by Shady Merv: ↑

I still think that HOR will continue to exist after any transaction concerning Horseshoe Lights (HL).

It will still have Kumarina.

As re HL though, there could be 2 alternatives.

EITHER

It may even still have an interest in HL as the continuing holder of the tenements but having farmed them out with a mining JV in mind should certain conditions be met. In such a case all exploration and holding costs would be borne by the other party eg SFR.

As an alternative to farming out, HOR and, say, SFR, could do a mining JV straight away; but the great difficulty there is that HOR couldn't fund it as mining went along. SFR, say, though might support HOR in that regard and be repaid upon the concentrate being sold, or whatever is to be sold. I think that this was the deal with TLM with Monty - stand to be corrected though.

HOR could be paid for the rights granted, as happened with the farm in by AUR to SFR.

OR

It sells HL 100% and gets paid cash, scrip and royalties or a combination thereof.

What else could happen? Comments welcome.

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Thanks Shady Merv, Looks like SP stalled at 1.2 cents !!! I was expecting this to shoot up to 2 cents at least !!!

HOR Price at posting: 1.2¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $4.642M

Open	High	Low	Value	Volume
1.0¢	1.0¢	0.9¢	$20.63K	2.07M

Buyers (Bids)

No.	Vol.	Price($)
1	130000	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	4114661	4

View Market Depth

No.	Vol.	Price($)
7	3571457	0.005
11	3180199	0.004
3	1940000	0.003
3	5950000	0.002
0	0	0.000

Price($)	Vol.	No.
0.007	518924	2
0.008	1555536	3
0.011	304700	1
0.012	318000	1
0.013	349951	2

Last trade - 10.31am 08/11/2024 (20 minute delay)

HOR (ASX) Chart