HMX

2.63%

3.7¢ hammer metals limited

Ann: Li - Au Drill Program Commences at Yandal Project, page-59

First 59 Last

Share
Profile

Follow
captaincarps

568 Posts.

24

01/03/24

10:48

Post #: 72689893
Share

Originally posted by Dragone64 ↑

I'm not so sure about that. There are a few things that speak in favour of a merger. For us HMX shareholders, however, it is relevant what the key points look like.

Personally, I still think that CNB is more dependent on HMX than vice versa. The collapse of the CNB SP could be an indication of this. So I am partially in line with your view.

The fact is: CNB is under time pressure - they have to deliver the scoping study by the end of Q1. HMX "only" has the cash problem, which has to be solved sometime in the middle of the year. Until then, a lot could happen on the drilling front and, of course, with the SP.

According to Dan, they had some initial difficulties with the drillings in Yandal. But then things went well. If the weather plays along, Shadow South (IOCG potential) should be drilled next week. He also hopes that the turnaround times in the labs will become more predictable again (i.e. shorter). I hardly think that we will have results from the Yandal drillings before the beginning of April. In addition to the merger discussions and the drillings, more seems to be going on.

Shadow South, on the other hand, could also provide some surprises I think (and hope!). Namely when sulphides are discovered (visible) and this would certainly have to be communicated to the market (we already had this in Ajax, for example, if I remember correctly).

It remains interesting......

Expand

Good thoughts Dragon i am only thinking from the point of view as if we join how many shares will we each get of cnb in the trade , i would like to think that in a bit more time hmx hits a great grade in one of its areas then we would all have maybe a multi bagger or maybe or is it like in the movie castle TELL HIM HIS DREAMING glta

HMX Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

NAM

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

The winners & losers on market if negative gearing were gone

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ZER

Zeta Resources seeks to resolve the Panoramic takeover story

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

4DX

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

The market's shrugged at China's stimulus measures all year. Why is this one different?

There are more pages in this discussion • 21 more messages in this thread...

First 59 Last

Add HMX (ASX) to my watchlist

(20min delay)
Last 3.7¢		Change -0.001(2.63%)		Mkt cap ! $32.79M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.7¢	$5.109K	138.0K

Buyers (Bids)

No.	Vol.	Price($)
2	90712	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	451355	2

View Market Depth

No.	Vol.	Price($)
2	90712	0.036
2	128571	0.035
3	245000	0.034
2	190909	0.033
2	36000	0.032

Price($)	Vol.	No.
0.037	451355	2
0.038	200000	1
0.039	159287	1
0.040	265000	2
0.041	55000	1

Last trade - 15.44pm 27/09/2024 (20 minute delay)

HMX (ASX) Chart

Ann: Li - Au Drill Program Commences at Yandal Project, page-59

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

The winners & losers on market if negative gearing were gone

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Zeta Resources seeks to resolve the Panoramic takeover story

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

The market's shrugged at China's stimulus measures all year. Why is this one different?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Li - Au Drill Program Commences at Yandal Project, page-59

Top Stories

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

The winners & losers on market if negative gearing were gone

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Zeta Resources seeks to resolve the Panoramic takeover story

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

The market's shrugged at China's stimulus measures all year. Why is this one different?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News