HVY

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8.0¢ heavy minerals limited

Ann: Maiden Garnet Drilling Program Completed, page-5

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Dumaguete22

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01/02/22

17:19

Post #: 59280461
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Originally posted by andy830: ↑

Valens is the largest holder in the company.
Do you think Mr. Navin Sidhu the director will come on the board or perhaps working in the background?

Will be interesting to see what he can do if he comes on.
He is also involved in EVR and the company from having 1 jorced project and 2 explorations and a market cap of $5 million or so now has multiple solid projects and flush with cash and a market cap of over $60 million, being at $80 million before we had the multiple down days.
Still has room to really run though IMO.

what i though was really fascinating is that from a company with no cash and low MC:
1) now they have close to $20 million in cash equivalents with $10 million in the bank,
2) they spun out an asset that is now worth in their books over $6 million, higher than their initial market cap
3) he got a $10 million "ATM" facility for the company when the market cap was a mere $10 million and very cheap too - any drawdown is only 10% discount to market and no broker fees to be paid.

however what I am really impressed with is that they got an offtake for a project that doesnt even have a JORC yet!!! nor have they done any much drilling. the offtake too is with one of the largest smelters in the world! it is also to be prepaid for a portion, hich means they will use those funds to pay for the plant and no dilution.

they also have an MOU done with one of the largest lithium company in the world and I have a feeling an offtake will be agreed upon soon too, guess what there is no JORC for the lithium too!!!

perhaps he can work some magic and get us some offtakes here too prepaid. That will be real good news for the company and take us into the stratosphere.

Expand

Shouldn't be difficult to get an offtake when they have buyers phoning every day asking to same the product.

Bulk sampling will likely get mentioned before we know it

Also good to see Hunter Capital still accumulating , they have increased just under the 1% threshold that requires announcing to market.. picking we will be seeing more news on subholders regularly as the story unfolds

HVY Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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Ann: Maiden Garnet Drilling Program Completed, page-5

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

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The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Climate change to drive market trends to the moon

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Saturn’s stars have aligned for the gold explorer’s Apollo Project

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Buyers (Bids)

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Ann: Maiden Garnet Drilling Program Completed, page-5

Top Stories

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Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

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The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Climate change to drive market trends to the moon

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News