Jefferies16 Feb 2021 08:29
I have been thinking about the recent Jefferies research note. Jefferies are not known as a small cap broker, but are a highly aggressive, very commercial investment bank. There is absolutely no commercial reason for them to pick up coverage of HZM for pure research reasons-they cannot make any money from that and having an analyst/team dedicated to researching a stock is expensive. The only possible reason(in my opinion) is for corporate reasons-wanting to get involved in funding or acting for HZM or a third party in M&A.
As I have posted before, I am very keen for HZM to remain independent, but unfortunately am increasingly of the opinion this is unlikely.
On another note I expect the funding announcement around March/April. With the EV market getting increasingly hotter management will be as keen as us to be getting on with construction.
Last point-Wasa good idea re getting clarity on the whole option picture. Will be interested in what you find out.