concerns

Usually when a company issues a large % of shares compared to the total number of shares on the registry, I'd expect the SP to find a ground floor and stay within range of that price. So far, since the Investmet placement at 27.5c we've been as low as 16.5 and I think for about 5 mins recently we hit 33c. I don't have the exact figures, but I'm tipping the VWAP since the placement would be about 22c. On top of all this HOR has released several announcements detailing reasonably good grades on drilling to date.

So what gives? Why are we still 24c and struggling to even meet the placement price? The recent selling from Azure worries me, given that they are an affiliate of Investmet and took part in the placement. Did they decide to sell down right before drill results from Horseshoe Lights came out just out of sheer coincidence? Let's not forget that Fotios is on the board of directors!!!

We can only hope Kumarina produces BIG RESULTS!!!