Ann: Confirmation and definition drilling program update, page-9

Totally agree. Clear confirmation this is a dud.

Add 'no port' ; 'unviable mine'; and 'no notable holders in the top20' and 'directors holding a pittance' to that list.

Seems the eastern flank of the Braemar formation continues to be confirmed as the side that has thinning ore.

What we are seeing is extended delays on every target HIO announce and then very poor results when they feel they cannot produce what they promised.

We are in the era of scams and scams have infested the ASX unfortunately: not that the ASX has ever been a safe investment...Clearly getting worse though. Suspect the board will be considering another name change with the looming CapRaise and a 50:1 consolidation.

and if you LTH's feel aggrieved by these posts, never listen to another holder who says 'buy' - they have a pecuniary interest in convincing you to hold and buy. Always, always Do Your Own Research.

A sad end to CAP and HIO for mine, but hey, that is just my opinion.