HIO has massive potential as well as massive capital costs to realise that potential. IRD is a similar situation. Even prior to their DFS and reassessment, I could not see the SP standing up over the longer term in the face of those costs and so I withheld from investment and let the SP go it's own way in view of its rapid rise. However, now that has slumped to a 12 month low, I have made a small investment but I am still restrained because there is a long way to go before the project can take off. Along the way there are bound to be storms and I will evaluate progress and remaining risks, and so consider top ups at the time. Of course, the wild card in all this is the demand for high grade iron ore and its price. All the best to every long term investor. You have to be in to win, while the markets always wobble around. IMO, this is not the time to sell, if you can avoid it, but wait for the CR to settle down and re-evaluate later. My opinion only, take it or leave it, as you see fit.
HIO Price at posting:
6.9¢ Sentiment: None Disclosure: Held
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