This is a big maybe. It's a true speculative stock.
But at these prices even a modest investment has the potential to be quite lucrative.
I feel there are a few risk limiting scenarios with this stock and that there is a real potential for a warranted run up in the share price.
- NMT's 36% holding. This equates to three generations of mining knowledge in the area and proven track record of getting the job done with limited cash.
- Newexco handling the geo work with a proven track record in the area
- Multiple tenements neighbouring large MC / high profile mining companies with operational mines
-Multiple resources under exploration, allowing flexibility to prioritise minerals. ie there's no point spending money to drill for an out of favour mineral.
- There is a large share registry but this is not uncommon and is in the ball park of comparisons like LTR, LEG who have found great resources and were once at a similar stage as HNR.
- And recent volume has improved greatly with limited news which is always positive.
It's an educated gamble for me.
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $10.92M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $1.034K | 258.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2665921 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 6327266 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2165921 | 0.004 |
19 | 23131996 | 0.003 |
25 | 18781930 | 0.002 |
17 | 26806052 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5447266 | 16 |
0.006 | 14224775 | 10 |
0.007 | 483333 | 3 |
0.008 | 291724 | 2 |
0.009 | 639986 | 3 |
Last trade - 14.55pm 30/08/2024 (20 minute delay) ? |
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