Can't agree with you more Malay, I think the only possible...

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patricus

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21/10/23

20:41

Post #: 70466869
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Originally posted by malay: ↑

All management has to do is to place an order of 2 million at 5c and we will probably see the down trend stopped and may even reverse. If it doesn't work, they put another 2 million, that will eventually work. In that case we may be at least has the next market raise at 5c instead of looking at 3c. Management has too big a stake instead of letting the share price slight further.
Directors should show their confidence and support for the company.
it will be more costly to use a promotional company to do the work at they need to incurred expenses and also to pay staff.
The company fundamentals easily justified its worth Kalman alone with its molybdenum should be several times our current market capitalisation.
Directors support is vital at this stage.

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Can't agree with you more Malay, I think the only possible solution at this point is for a cash injection by management to put capital back into the company, otherwise they risk killing the goose. Considering the 28% cost of the last share price raise you can only imagine what price they would have to pay to get another one away. That is before the further dilution they are asking for at the AGM.

There was only $51,520 in total of all buying interest on Friday. Total buying interest at any price was 1.3 m shares.
Kind of puts into perspective the 88.6 m new shares management is asking the right to issue to themselves.

So pitiful is the demand at any price currently it is not inconceivable any one of the 'believers' could tank total demand by making one purchase.
Alternative view is: if the AGM passes the resolution there will be 64 times more new shares issued than there was demand for HMX shares at any price on Friday. Forget 3c ... we'd be looking at sub 1c.

HMX Price at posting: 4.3¢ Sentiment: Sell Disclosure: Held
2 Upvote

2 Great analysis

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