week ahead, page-17

I was kind of agreeing with your sentiment SARAGIAN, however your ego seems to be clouding your senses.

Let me explain Mr Big Shot Trading Genius!

Firstly, the AGM is being held on the 25th May at which time shareholders will vote to approve the issue of up to 21,180,000 new shares at 27.5 cents each. I am certain there will be little to no price movement before then and not much SP appreciation for a while after (EOFY being an arbitrary date I chose of reasonable significance in the financial world).

Secondly, there are a number of Options expiring June 30th this year which will tie up Investor's money. If you haven't noticed HOR doesn't exactly trade on large volume which suggests it is tightly held but also not attracting many new investors.

Anyway, I've wasted enough of my morning writing this so I'll leave it at that.