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New money for Hardie Times (HDD)     

hangon - 10 Jun 2008 09:53

See RNS 3 June 2008
FWIW...From Suspension through April--(now)June the co has been looking for operating capital to cover a shortfall in orders, now reesumed. This will impact on last year figures ( er, and beyond?)....the solution is to raise convertable capital at 3p with some at 4.5p - this looks like dilution!
. . . .Existing shareholders take fright!
Shares are currently 2,25...2.5 (pence)
The company provides surface metal treatments, esp. for military apps.....maybe some diversification would be a good idea in the longer-term...
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