Despite holding 27% of Polaris which announced rather positive drill results today,the stock continues to slide, it seems that some fund somewhere is still selling. I am sure Heron said shareholders could expect numerous progress reports on the KNP as the 3rd stage progressed but as yet we havent had much of a news flow at all. Apart from the canning of the heap leach and 1 resource upgrade we havent heard much at all and the price continues to slide. The long term prospects of this company are quite good and with the holding in Polaris and approximately 48 million in cash we're only got a market cap of 136 million. Surely a takeover target one would think. I continue to hold and hope some positive news will start to flow soon, otherwise some opportunist will make some measly offer like $1.25 a share. Well overdue for some KNP news flow, but having said that good news did bugger all for Polaris today. Hmmmmmmmmmmmmm.
HRR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
