I have joined you guys finally, thanks for your help @Clark888 during my research phase. I have noticed a few comments on here talking about how management here are more explorer focused than closing a deal. While this might be true, I would like to offer an alternative perspective.
I think having management that is not only good at finding deposits but also spends shareholder money on exploration primarily is a good thing. I recently had to sell down a position in something else with amazing geology because management are going to f* it at their current rates of cash burn. I'm pissed, because I am nearly 99% sure the geology will come up good over there and now I cannot touch it with a 10 foot pole because I don't trust management.
Back to HAV, I think that management here must be incredibly long sighted and they want closer to fair value for kalkaroo. I believe this is acting in the best interest of shareholders, despite people's frustration that it takes a ton of time and I know some of you have been waiting a while. But the timing is not right from a macro perspective.
Over the last few years, tremendous games have been played across the copper sector by the big players who are fully aware of what's coming with copper macro and are getting positioned for it. I can't presume to read the minds of management here but I would guess they are also aware of the situation in copper and therefore are positioning themselves for the long term by remaining patient to get far greater value for the project.
I will post more about exactly why the copper macro is so insane moving forward but just give me a little bit because I'm super busy today. Just wanted to quickly thank @Clark888
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Price($) | Vol. | No. |
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