re: Ann: Wogen appointed as marketing agent f...
24.05 C/R 37.5M shares @ 20 a massive 33% discount to the last traded price (30c). 23M issued 02.06 & 14.5M issued 23.06. SP was sub 20 before tranche 1 was even settled. SP didn't hit 20 again until 26.10 and majority shareholder drops 2.5M shares.
No support at 20. Market depth is stacked heavily on the sell. Lightly traded.
DFS delayed on Big Hill. No word on feedstock & concentrate prices sky high. The construction does look bare but I think there are various buildings. Why did they put that lower photo in? Clearly visible are 4 men sitting on the dirt and there might even be a 5th counting sheep. They should stick a webcam on site or atleast update their website.
The one thing that concerns me is the CAPEX of Big Hill is 100M+. A resource upgrade was expected in the DFS. Right now attention is on Vietnam but the market appears happy to wait until Big Hill.
Is that bit negative?
HAZ Price at posting:
14.6¢ Sentiment: None Disclosure: Held
