Sometimes it is indeed difficult to hear the music when it is suppressed by a lot of background noise.
I have already indicated (and so has DawidW) that something seems to be changing from a technical point of view. I know that the charts of an explorer don't have to say very much, but I also know that many people take a look at them - especially "when something happens" and want to get an overview of whether the SP is rather high or rather low (or very low).
I see several weak buy signals in the last 10 days and a decision that could be imminent in this context around the beginning/mid-August.
The Diggers & Dealers Forum is from 5 to 7 August. Perhaps Dan will be able to bring fresh blood into the shareholder base - or convince someone else of HMX's progress. - as you rightly mention Aussiemaddog. Incidentally, at 2023 Diggers & Dealers the SP was around 7c - a good double the current level - and all the progress (especially the CNB deal) was not included at that time. The CU price by the way was around USD/lb 3.70 and not 4.60 like today.
It would be important to recapture the 5c mark and then there would be the long downward trend - the result of 3 excursions towards 15, 12 and 10c - which would have to be broken in order to target 20c or more. Dreaming?
I think we will go above 4c soon.
There is a lot of good news to report and summarize in a presentation. Surprises could come from different corners. More than ever before in my view.
Not forgetting "this" ....and by the way 10km from Bullrush CNB has a JV with Rio Tinto.....and "we" are the largest shareholder of CNB.
You're right Aussiemaddog. All in all, HMX is probably the least recognised explorer in Australia. If this perception changes, we will be at 10c faster than some can imagine. DYOR
HMX Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
