HIO story is no different to a multitude of other projects on the ASX that have been squeezed by a rising cost of capital and rising input costs, it is along list. But this pincer movement is slowing now, inflation slowing, rates rises slowing/ending
But it does seem HIO newsflow was particularly juicy on the rise to $500 mill mkt cap, sucking investors in, so I can understand the disappointment that it looks like a pack of lies in hindsight as seems parties just walked away.
The clean Iron Ore story is the reason to be here, technicals remain bleak although there maybe room for a bounce towards 7.7 (capital raising price), but that is going to be a wall until something real is inked you would think.
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- HIO has potential to be one of the best investments on the ASX from here. But How?
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Last
2.4¢ |
Change
0.003(14.3%) |
Mkt cap ! $24.39M |
Open | High | Low | Value | Volume |
2.2¢ | 2.4¢ | 2.2¢ | $21.55K | 948.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 599507 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 951380 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 599507 | 0.023 |
1 | 669783 | 0.022 |
7 | 327975 | 0.021 |
10 | 439524 | 0.020 |
6 | 2456576 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 951380 | 4 |
0.025 | 202440 | 2 |
0.027 | 195000 | 3 |
0.028 | 38230 | 2 |
0.029 | 170000 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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HIO (ASX) Chart |