Ann: Renounceable Rights Issue to raise up to $15.8M, page-291

I just went through some posts on HIO and quickly realised why I don't read their thread anymore. Some of the wild stories being posted makes me realise how gulable people can be. It willl be interesting to see how they spin the facts when they see the cash burn from having up to 7 drill rigs trying to get their holes drilled for their bfs. With no updates on holes drilled they must be struggling.
Our burn at $3 million was less then what I expected and is a big factor in why I have favoured this stock. Unfortunately to date the market hasn't seen it for what it is but financials eventually shine through. Our low cost project is a cash cow waiting to be milked. Let me know if I'm missing someyhing as I may have the rose coloured glasses on.