HMX

8.82%

3.7¢ hammer metals limited

Ann: First Hole at South Hope Yields Exciting Copper Intercept, page-18

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Buddyfranklin

26 Posts.

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25/10/22

16:48

Post #: 64388001
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Originally posted by aussiemaddog: ↑

One thing I always commit myself in my research is to read and than re read any announcements on stocks I invest into.

A number of times I find the devil is usually hidden in the detail, and when your mind is racing when you race to read announcements and or reports you can miss critical bits of information (sometimes these are little) which makes you able to clearly make crucial decisions on your investments and strategies.

I found this little gem in todays announcement by HMX.

Dan and HMX have previously communicated regarding HMX’s JORC resources (that IMO that are significant and is not valued in the current share price) that Hammer has on its books and IMO it what differentiates HMX from CNB.

HMX says it requires additional (JORC) resources to flick the switch to transition from an explorer to developer/miner, from memory they were over 80% there?

Look at upcoming announcements in todays ASX release, my little gem is highlighted in red it reads - Lakeview JORC resource.

Have HMX made it??? Is Mt Hope Hammer’s home run???

Certainly with todays announcement with drilling at Mt Hope (future drilling confirmation will be required) if future success then it has to add to HMX’s growing JORC inventory???

If it does then HMX may have crossed the line from explorer to developer/miner, has the market not realised and missed it? Or am I misunderstanding things completely here?

JMT (DYOR) If HMX has cored the JORC that it requires then good luck picking up shares at .068c, and given HMX has a $47m market cap you would have to think that a similar valuation to CNB’s $130m is a starting point???

In my conclusion from today’s announcement and the upcoming one on Lakeview’s JORC Resource it is looking more likely by day that HMX is crossing or may have already crossed the line?

Goodluck to all holders and believers in the HMX story.

Cheers Aussie

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You could very well be on the money Aussie, Dan has mentioned that they have had 3/4 of a resource already.
Fingers crossed Mount Hope is the cherry on top to see HMX become a developer.
Exciting couple of months coming up. GLTAH.

HMX Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.7¢		Change 0.003(8.82%)		Mkt cap ! $32.79M

Open	High	Low	Value	Volume
3.5¢	3.7¢	3.4¢	$25.19K	709.4K

Buyers (Bids)

No.	Vol.	Price($)
1	58543	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	12161	1

View Market Depth

No.	Vol.	Price($)
1	58543	0.037
1	100000	0.036
1	308208	0.035
3	111644	0.034
4	1582605	0.033

Price($)	Vol.	No.
0.039	10000	1
0.040	28500	1
0.042	100000	1
0.043	50000	1
0.044	30251	1

Last trade - 15.56pm 28/06/2024 (20 minute delay)

HMX (ASX) Chart

Ann: First Hole at South Hope Yields Exciting Copper Intercept, page-18

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Ann: First Hole at South Hope Yields Exciting Copper Intercept, page-18

Top Stories

Microcap Wrap: 5 explorers with news out today

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

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ChemX Materials kicks off first stage works at WA high purity alumina pilot

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