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|Hunter Res. Daily Update: Hunter Res. is listed in the Food Producers sector of the London Stock Exchange with ticker HUN. The last closing price for Hunter Res. was 0.19p.|
Hunter Res. has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0.44p while the 1 year low share price is currently 0p.
There are currently 133,195,035 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Hunter Res. is £246,410.81.
|lazygun: Think the reason for the share price drop is as a consequence of the community meeting that was held on 5th december. This was to gain consensus from all of the local communities around granting access and so on through their land for the drilling and mining programme. The 22nd dec rns stated that although it was a good meeting, no decision was made there, and another is therefore required early in 2015. The results of that would then be passed as supporting evidence to the government department as part of the environmental license aware (the DIA). Without this DIA, the project is going nowhere.
I suspect the share price dropped because it became news that no decision came from that meeting and therefore the DIA process will take longer, and remains "at risk".
However, set against that, the improved terms for the JV seem to be in Hunter's favour as future payments for involvement in the JV are linked to the granting of the DIA. IF it doesn't materialise, Hunter aren't on the hook for further expenditure, and can therefore walk away and look elsewhere.
Hunter Res. share price data is direct from the London Stock Exchange