It is noteworthy that HVY has expressed interest in potentially acquiring additional projects, particularly within the Industrial Minerals sector, as stated it would align with and enhance their existing portfolio and strategic objectives. I have observed a similar trend among other companies, indicating that smaller firms may increase their relevance through mergers or consolidations. These are indeed interesting times, with noticeable shifts in the small cap landscape. HVY's approach, utilising a royalty funding model for capital raising, stands out, especially when compared to the more common practice of diluting shareholder equity to maintain operations. The current trend of smaller companies pursuing mergers, consolidations, and acquisitions may be a strategic move to bolster their chances of evolving into production focused entities.
HVY Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
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