Sell the news? I have no idea why the sell off after the announcement, it wasn't a significant or gap leaving run. The group here knows that the value of Phase 2, 3 and 4 will be a significant catalyst to the growth of the company. I tend to feel as though the market wants funding and offtakes before re-rating. Permits are a massive positive but need the working capital to build it, and then someone to on-sell to.
If offtake and funding is announced in the next quarter with Phase 2 DFS, then $2 - $2.50 price target is not unreasonable over 6 - 12 months.
Ann: Full HMW Phase 1 Construction Permits Granted, page-41
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Last
14.0¢ |
Change
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Mkt cap ! $69.67M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $84.77K | 616.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 338401 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 204335 | 5 |
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