RE: A long and winding road...31 Aug 2019 04:19
Very classy posts here and very useful for newer investors in HZM, like myself.
Really illustrates how much more damage is done to dilution of shares when placings are done at low share prices... 1.446 billion shares now in issue means that, assuming no further dilution, if we were offered £1.446 billion buy out (like to keep my calculations simple:) we'd get £1 per share...half that...£723,000,000 gives us 50p per share so the potential for investors here is surely enormous.
Going into production with eventually 3 mines I'd think would be orders of magnitude higher than a buy out price now though, for those willing to wait a few years. Personally (not getting any younger) would prefer a sale, esp if somewhere between £750m and 1bill could be achieved. Im sure most would be happy with that.
Lets see what happens... GLA