It’s hard to articulate the point that’s been rolling around in my head but basically I’ve landed on this.
say you herd about HIO today on the radio and came in looking for a bargain. A 14c punt on the price of IO , the global economy and the management team. All the ugly just got laid on the table, you’d be feeling pretty comfortable you’ve got the full story, have cash no debt no income (a facility ? I feel there’s an out clause for LDA in the fine print )
Are there better punts out there ? Maybe . Do they look better because you can’t see the ugly ? Possible.
14c too risky ? How bout 10c ? How bout 5 or 1.
Either HIO is still a good punt at some price or it’s not. If it’s still a good punt we’re just haggling over price if not then IO is going to sub $80 and every major economy with few exceptions is about to hit deep recession and be stuck there a while.
if it’s a good punt it’s a hold, if it’s bad get out at any price and sit in cash. I can’t see any other middle ground. and honestly what could possibly change at the AGM that would make a real difference to this picture.
HIO Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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