What investors always get wrong is the starting point , if HIO...

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18/12/23

16:48

Post #: 71511082
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Originally posted by treefeller ↑

Totally agree. Clear confirmation this is a dud.

Add 'no port' ; 'unviable mine'; and 'no notable holders in the top20' and 'directors holding a pittance' to that list.

Seems the eastern flank of the Braemar formation continues to be confirmed as the side that has thinning ore.

What we are seeing is extended delays on every target HIO announce and then very poor results when they feel they cannot produce what they promised.

We are in the era of scams and scams have infested the ASX unfortunately: not that the ASX has ever been a safe investment...Clearly getting worse though. Suspect the board will be considering another name change with the looming CapRaise and a 50:1 consolidation.

and if you LTH's feel aggrieved by these posts, never listen to another holder who says 'buy' - they have a pecuniary interest in convincing you to hold and buy. Always, always Do Your Own Research.

A sad end to CAP and HIO for mine, but hey, that is just my opinion.

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What investors always get wrong is the starting point , if HIO had a mkt cap of $180 mill then the bears are probably right at the moment, if HIO has a mkt cap of $30 million than the bulls will more likely be right. At $40 mill HIO probably worth a punt given the sheer size of the resource, the political support for green steel and it does feel like things are coming together, HIO is along way from where it was at the start of 2023, when there was no plan and Regal was being tapped in desperation.

But how do HIO fund the next 12 months?

HIO Price at posting: 4.3¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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