6500 shareholders with a less than marketable parcel at the moment. If they took 3000 out that would probably cost them between $1-1.5m. They could simultaneously raise a few mil via a SIIP which would cover it and put a bit in the coffers.
To my mind that’s a win for the company and for shareholders who want to top up.
HIL Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
