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I think you have a good point there. I would have liked for the...

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haiku-blessyou

564 Posts.

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24/07/18

16:17

Post #: 34540302
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Originally posted by Chair-Face ↑

I personally think its because we don't actually have a project at the moment, other than the 24% interest in Busumbu. So it kind of make it hard to value the company at any more than it is right now (around $8 mill). After all - the crown JV negotiations could fall through.

Once there is a concrete JV with Crown in the Manono region or a binding acquisition/JV for cobalt happens, the company will be easier to value as it will actually have an asset/project. - then punters will be able to speculate on the potential upside of whatever the project is.

All IMO.

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I think you have a good point there. I would have liked for the JV to be finalised and any info about Cobalt acquisitions/partnerships to be out in public by now but it’s taking a bit longer than I expected. Hopefully some news soon.

The thing is, the more viable AVZ and 4CE show their projects to be the more derisked HIP is, so just because HIP has been quiet lately doesn’t mean there isn’t additional related information that improves its value.

I’m remaining (impatiently) patient for that next Market Sensitive notification.

HIP Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 1.1¢		Change -0.001(8.33%)		Mkt cap ! $12.21M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$5.01K	500K

Buyers (Bids)

No.	Vol.	Price($)
1	240000	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	597662	4

View Market Depth

No.	Vol.	Price($)
1	240000	0.011
25	3398791	0.010
7	994555	0.009
1	120000	0.008
1	200000	0.007

Price($)	Vol.	No.
0.012	597662	4
0.013	1035461	8
0.014	521825	3
0.015	806018	4
0.017	176470	1

Last trade - 12.34pm 28/05/2024 (20 minute delay)

QXR (ASX) Chart

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