i have been SEVERELY burnt by IO stocks in the past, namely PLUTON RESOURCES which had a huge IO resources of the NT coast, very close to china, company went broke , all the posts at the time said the stock will go to da moon, and SUNDANCE resources which was supposed to be cheap at 50c and it went to $0, again everyone at the time was saying it will be the next 10x bagger.
WHy is HIO different? for the last 12yrs the company has virtually done zip, sure its increased its resources etc... but who is to say that it will get off the ground in the next 3-5yrs? even with the IO price above $100, if the project is so viable why didnt it get off the ground when the IO price was $160? lol
something just dosent add up here, if the resource is truly spectacular like we are told, why didnt twiggy and gina just snap it up yrs ago?
why dont they bother snapping it up now?
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