Ann: Trading Halt, page-18

Thoughts today

TH! Yeah we got something good at Mundarlo
*checks second page*

CRAP! Capital raise.

Firstly I was annoyed as all hell.


Then I started thinking about the decisions one must make when in charge of a listed company. HLX is one of the best prudent capital management firms on the ASX so if Mick thinks it is the right time for a few extra bucks so be it.

These guys have around $800k in the bank give or take 000k. Now with such good prospects in front, 2 major projects to work through wouldnt you want a few extra dollars to really get HLX going?

Who knows what they have planned at Collerina other than delivering a JORC by year end.

Who know what they think Mundarlo could bring?

This capital raise at this stage I believe could turn the page for HLX.

Let's hope the raise has/is;
Kicked the prior brokerage companies to kerb
At or around 3 cents
Isnt too large and just enough to deliver stated outcomes.

Could be the final piece to unlock the puzzle.



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