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4.55%

4.2¢ horizon minerals limited

Ann: Drilling Highlights Extension Potential at Goongarrie Lady, page-18

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868 Posts.

80

13/07/18

11:13

Post #: 34322706
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Originally posted by Crom Valen ↑

I think you are overly pessimistic.

People can debate about drilling results, cross sections whatever - but they won't be able to debate resource updates. The SP will definitely go higher at that point.

The issue we have at the moment is different from 'Vic Farmer' days, when the stock was being heavily capped.

farzan is showing us that retail holders have been selling. The issue at the moment is these few retail sellers are prepared to continue to sell at 17 / 17.5 / 18 cents when the company keeps adding value. It's a giveaway really - just because there are option's exercisable at 17 cents does not mean this stock is worth 17 cents.
You can see the buyer interest is there - there at 16.5 / 17 cents. If sellers are going to keep giving them away, buyers can keep sitting there.

There is actually bugger all up for sale, no sign of a cap at all - not like the 'Vic Farmer' days.

View attachment 1192476

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I don't think "retail holders" are selling, I think it's just bots selling to each other and someone accumulating. If you look at the trades closely, nearly all the "sells" are small quantity and the "buys" are much larger quantity.

IRC Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.2¢		Change -0.002(4.55%)		Mkt cap ! $46.97M

Open	High	Low	Value	Volume
4.4¢	4.5¢	4.2¢	$67K	1.534M

Buyers (Bids)

No.	Vol.	Price($)
2	263000	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	320000	2

View Market Depth

No.	Vol.	Price($)
2	263000	0.041
5	1016171	0.040
4	280806	0.039
4	138289	0.038
2	300000	0.037

Price($)	Vol.	No.
0.044	320000	2
0.045	211378	2
0.046	1006849	4
0.047	49728	2
0.048	5143	1

Last trade - 15.59pm 26/08/2024 (20 minute delay)

HRZ (ASX) Chart