Pete, it’s anyone’s guess whether this will drop back or climb. HIO dropped from the CR broadly in line with the drop in IO price and whilst it hasn’t track with IO prices fluctuations as closely as other IO stocks the recent shift does coincide with the 10-15% upswing in IO prices. I’m in this for the longer term as the potential gains are significant but I expect the SP to fluctuate generally in line with the IO price as well as increase as each project risk is removed.
Tran’s posts provide compelling reasons why this company will be worth a significant amount in the longer term but at the moment IMO the next big shift will come from a IO price rerate in Feb/March 2022 when China will unleash it steel makers again. Of course I could be wrong but only time will tell.
HIO Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
