HIO

About HIO

Hawsons Iron Ltd (HIO, formerly Carpentaria Resources Ltd) is a mineral exploration company. HIO is currently focuses on developing our flagship Hawsons Iron Project near Broken Hill, NSW into a premium producer of high-quality iron ore products for the global steel industry.

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What does Hawsons Iron Limited (HIO) do?

Pumping iron is what they want to do. Hawsons Iron is an Australian mineral explorer focused on the production of iron ore. The company’s mission is to answer “the world’s call for high grade iron ore products” and to decarbonise the steel industry.

Hawsons Iron is working on one major project at this time, the Hawsons Iron Project. Located 60 kilometres south-west of Broken Hill in New South Wales, the project is a significant iron ore asset made of three tenements across 511 square kilometres. It also currently holds one mining licence application.

Hawsons Iron claims their efforts produce a “70 percent iron product that, once in production, will be the highest-grade iron ore product on the seaborne market.”

The Hawsons Iron Project was recently declared a NSW State Significant Development and received Major Project Status from the Australian Government.

Is Hawsons Iron a profitable company?

No. Hawsons Iron has a history of zero revenue and negative net income going back to FY2012. The company has been heavily dependent on capital raisings to continue its projects. 

As a result, the number of available HIO shares has increased every year since FY2012. There were 98 million shares available that year, but by FY2021, 386 million shares were available.

In FY2021 alone, the company “carried out a fully underwritten capital raising of $35,596,844 through a fully underwritten placement and a 1 for 2.6 underwritten entitlements offer and private placement. The capital raising was executed at the offer price of $0.15 per share.”

On 22 December 2021, Hawsons Iron signed a A$200m equity funding package with US investment group LDA Capital to continue their flagship project.

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Is HIO stock a buy?

Some investors seem to think HIO stock is a buy as recent news has been positive.

At the end of December 2021, Hawsons Iron secured a A$200m equity funding package with US investment group LDA Capital and executed an agreement with Starlight to secure 100% control of the Hawsons Iron Project. The company also announced the renewal of the Major Project Status of the Hawsons Iron Project for three more years.

Off good news, the HIO stock price climbed over 700% from A$0.08 all the way to A$0.57 between October 2021 and April 2022.

Does HIO stock pay dividends?

Hawsons Iron has no history of paying dividends to its shareholders.

Who owns HIO stock?

At 79.4% of ownership, the general public holds the majority of HIO stock. Institutions, private companies and individual insiders own significantly less at 7.1%, 6.9% and 6.6%, respectively.

Some of HIO stock’s most significant owners include Regal Funds Management (4.99%), Silvergate Capital (2.52%) SG Hiscock & Company (2.11%), Arvada Pty Ltd (1.26%), JKS Group Holdings (1.1%), James Suggate (0.86%) and Peter Turcovsky (0.86%).

Individual insiders include Non-Executive Director Paul Cholakos (0.39%), Executive Chairman Bryan Granzien (0.28%), CFO Gregory Khan (0.2%) and Non-Executive Director Jon Parker (0.014%).

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