HXG 4.55% 2.3¢ hexagon energy materials limited

Hexagon Looks Beyond The Swarm, page-49

  1. NT.
    186 Posts.
    lightbulb Created with Sketch. 35
    Being a holder of AGO I am certainly not happy with the propossed LOWBALL takeover of them by MIN. and am opposed to it.
    C.E and his management there, have tied a very one-sided arrangement which is not considering all AGO assets and potential IMO. (details if interested are readily available)

    With this in mind I made my concerns known here on HC when the announcement was made about MIN interest in our project. I still believe that giving up 51% was not the best outcome for this great prospect, even more so now that I can see how MIN are operating..., YES, they are looking after themselves and THEIR shareholders, but thats the point.
    I do, as pointed out here by quite a few others on HC understand that getting alternative finance etc. or a better deal for this project may have been difficult...., but not impossible, that is why why we have astute management in place.

    I am hoping that all goes well with this arrangement but am wondering (as others here) why the share price has gone south. (contrary to all the uprampering experts here on HC after the announcement).
    Even the "roadshows" and independent research report after the announcement have not made an impression, as suggested on HC that they would.

    Perhaps a complete sale of the project to MIN would have been a better option than the possibility of a similar lowball offer of HXG as to AGO, later on..., given they now have a controlling 51% interest and can be quite ruthless in business.


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