If it can get off the ground it's on its way to a multi billion dollar takeover target , ala May 2022, if it can't it's on it's way to shell valuation , ala May 2023. So at 5 cents its seems a reasonable risk/reward profile given HIO is not a explorer and the green Australia Iron Ore dynamic is a real theme. Very near term below 5.5 cents and with regal selling the trend is however not yet our friend
HIO Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
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