HRR 0.00% 4.5¢ heron resources limited

cheap buy; confidence in lat-nickel, page-2

  1. 5,851 Posts.
    lightbulb Created with Sketch. 711
    Final Verdict,

    Apart from Heron's massive nickel reserves and the un believable deal it has stitched up with Inco, together with HRR being a debt free company sitting with approx $12 million in the bank and further returns to come to shareholders and a nickel sulphide venture to take shape (just to boot) Heron's is a remarkable story.

    Still in its early days, it is likely that institutions are not prepared to get in on the ground floor on a project that is at least 6 years away but Heron's huge tenement holdings (many un explored to date) gives them plenty of future upside potential and the possibility to generate an income stream well before the KNP - in my opinion.
    If some investors would take the time to fully study and research Heron then their eyes might boggle.
    You could be correct on your assumption about BHP but with Heron's assets and the future potential with its huge portfolio then anything is possible.
    The Echelon deal in itself which will again give a benefit and a return to Heron holders is something that few juniors could boast about.
    Heron received a special mention on this aspect after the recent D&D meeting.

    Long term holders who migh have averaged their share price at say .14 cents have so far received free shares in Avoca (now .44 cents) and Pioneer (.20 cents) and will most likely receive Echelon (currently .40 odd cents) and as you mentioned Regent to possibly follow and perhaps another?
    With HRR's current share price, that's not a bad return.

    I look forward to seeing your future posts on HRR as its future is unveiled.

    Cheers
    Sally

 
watchlist Created with Sketch. Add HRR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.