Non of the things stated in this announcement make any sense in light of what they have previously reported. They either can make it work with the current resource or they can't.
This has been one of the most disappointing investments for me and I can hardly believe I am exiting on a loss.
But either management doesn't understand the basic mechanics of commodity markets and its cyclicality or there is something really a miss here.
Either way I am not interested in getting heavily diluted just because they fail to be able to be patient.
I will most certainly keep an eye on this as I do believe in the green steel revolution and I do believe the Hawsons project is one of the best and highly needed. But current communications and actions by the company don't give a genuine path towards production and are completely out of line with everything previously communicated.
I will thank many of the posters here who have almost become friends, although many of them have (like me) been very quite over the last few months.
I hope to reenter when the path forward makes sense again to me. If I miss a huge run up, so be it. I can't justify holding based in hope for better times.
For now all the best to holders.
HIO Price at posting:
8.0¢ Sentiment: Sell Disclosure: Not Held
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