Heron Resources On Drawdown Of Second Tranche Of $20 Million Debt From Orion

Heron Resources Limited (ASX: HRR) made an announcement on 26 September 2018 which states that the company has completed the drawdown of second tranche of $20 million of Debt from Orion Mine Finance. The company had earlier announced on 30 June 2017 that the total debt of $60 million was provided by Orion Mine Finance and the remaining $20 million was un-drawn. After the release of this news the share price of the company reduced by 2.439% as on 26 September 2018. On 25 September 2018, the company provided an update on the Woodlawn project. The underground mining was successfully commenced at the site by Pybar mining services. By the end of August 2018, 73% of the overall EPC was completed and it is on track on commissioning by the year end. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"] The final assays for the extensional and infill drilling program of the shallow G2 Lens was also received by the company as per the announcement on 21 September 2018. The company is planning a detailed modelling to optimize the planned production from this area. In the last six months, the company’s share price decreased by 12.14% from $0.7 to $0.615 as on 25 September 2018. For FY 2019, the company’s main focus is on precious metal and base production from its Woodlawn zinc-copper project. HRR’s shares traded at $0.6 with market capitalization of $148.63 million as on 26 September 2018.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.





Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK