HRZ 1.92% 5.1¢ horizon minerals limited

HRZ Investments, page-6

  1. 12,069 Posts.
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    I accumulated more today. Got some parcels (large top up for my standards) at 10.5. The largest holding in my significant portfolio now. Couldn't say no at these levels, especially with what is going on around the world - China economic worries, world energy crisis, inflation everywhere, the USA senate voting down the debt ceiling (meaning an end to the money printing and rates likely to start rising) and the Bank of England governor's rhetoric a couple of days ago saying economic consequences are to come and no other choices but rate rises. This is prime for a big gold bull run and I believe the current negative price is the work of a last-ditch attempt to keep it low, create fear and for the big end of town to accumulate for what they know is coming.

    This is definitely one of those companies that will be $1 plus in the future, the board and management are level-headed, business-minded, pull the right strings at the right moments, and seem to have a solid geological team as well.
    You know even at rock bottom for HRZ (IMO right now) we can still feel confident with the long-term plan.
    If management were a hype-type team getting the word out to the market about every little detail and trying to prop up the share price with anything, that would attract hype-type investors and traders - and I would be a little more risk avert in times like now to a large selloff.
    However, I know this register is very tight and looking long term with the current structure and progress of management.

    Good things to come to those who wait imo.
    Last edited by coto: 29/09/21
 
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