Agree to your sentiment.
Those lean years were brutal for Cu juniors and the HOR management did not dilute us to buggery, far from it...
They have been running on fumes for years waiting for the Cu market to move and now its getting into 2nd gear.
The SOI is very low and the Con Note in place now signals to the market that they are not raising anytime soon (poor brokers).
As I have said for a while this is one of the penny stock that has huge runway with the Horse Shoe lights project and surrounding ground.
The Horseshoe Lights Project includes the old open pit of the Horseshoe Lights copper-gold mine which operatedup until 1994, producing over 300,000 ounces of gold and 54,000 tonnes of contained copper including over110,000 tonnes of Direct Shipping Ore (DSO) which graded between 20-30% copper.
Horseshoe Lights Resources as at 30 June 2019:
140,000t of Cu @ $17,500/t is $2.45B
52,000 oz of Au @ $5,000/oz is $260m
1.1m oz of Ag @ $55/oz is $60m
I urge people to have a look at the old announcements over the last 10 years to get a handle on what the potential is with this very much unloved and forgotten project...
To the recent sellers I have no issue as this is being bought up by patient sticky people and the liquidity will dry up very soon..
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