why???, page-14

The valuation here is ridiculous .... however between them, Soaraway / SunSuper/Acorn still have over 10% of the company. So no point shying away from reality. These guys have proven to be weak hands and so we might not have relief for some time.

We have cash to ride out the next 12 months or so ... is that enough to move 10% of the stock? Well there was a nice liquidity spike after the last announcement so possibly.

You have to be brutally realistic in a market like this. I would like to see mgt put all its cards on the table given the 6.9c valuation:
1. we have too many projects - investigate some farm-ins esp. for the prospective NSW projects. They've had some decent hits but the market is valuing this land at donuts at the moment. Or even as a liability given the EV is well below capitalised exploration costs.
2. HOB - get the JORC and then get Blumont to lock in some fwd sales here & fast track development. Who gives a rat if the JORC is smaller when the market (& Soaraway, SunSuper & Acorn) are valuing HOB at about $5m bucks!!

Do this and this company will get some traction again. But the market has lost patience as there are too many irons in the fires which is burning cash @ the worst time to be burning cash.

You've got to give 'em some hope here. Copper price has bottomed and HOB ticks a lot of boxes. But if you live in la la land buying projects that have a +7 year pay-off then you get smashed to bits. Would have thought that the BOD would have tweaked onto this by now.