"......... I take an explanation please, ..............."
Howdy LKI - simples really - Mr Market is off his meds !
Have to say it is not often I feel the need for a tin foil beanie but right now I am thinking of buying shares in Comalco (well would if they still existed).
Price of physical gold is obviously on a tear however a quick look at the 165 ASX listed goldies suggests today was not a good day for sales of shovels at Bunnings.
https://www.listcorp.com/asx/sectors/materials/materials/metals-mining/gold
Yes we had a great announcement early on a Monday morning. Just unfortunate that some orange alien had thrown a hand grenade into the trading pit on the previous Frid night. I can only put my hand up and admit had an order placed for early trade to pick up another small parcel (I am a stayer not a player) - my thought was that we would get at least a slight bump then settle back to mid 6's with a possibility of moving up around 7. My logic was even though it would likely not be a positive day that HRZ is at least a bit under cooked so should benefit from a solid ann. How wrong was I !! Generally good as the news this morning was, just not strong enough to get HRZ to swim against the tide.
Years ago (well before DEI was a thing) I got dragged along (by my mother) to the Syd town hall to listen to Quentin Crisp (Will let you Google him) . Something he said has stuck with me over the years - "..........don't swim against the tide (of public opinion) but rather swim with it - only a little faster..........." Well the tide is currently sweeping gold along the stream. I can only assume at some point in time the goldies currently swimming against it will either drown or turn and swim with the tide. Lets hope HRZ is a comparative early adopter.
Bottom line LKI, other than perhaps suggesting magic mushrooms are involved, I have no rational explanation for the gyrations of Mr Market and no clue when he will tire of this nonsense. Can only hope I / we can survive long enough to see the proverbial sun shine through.
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HRZ
horizon minerals limited
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4.9¢

"......... I take an explanation please, ..............."Howdy...
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Last
4.9¢ |
Change
-0.005(9.26%) |
Mkt cap ! $120.8M |
Open | High | Low | Value | Volume |
5.2¢ | 5.2¢ | 4.9¢ | $369.7K | 7.405M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1165649 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 300000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1165649 | 0.049 |
15 | 1629366 | 0.048 |
11 | 1868817 | 0.047 |
10 | 2084749 | 0.046 |
18 | 2896168 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 300000 | 1 |
0.052 | 500000 | 1 |
0.054 | 559759 | 2 |
0.055 | 2174062 | 11 |
0.056 | 1600000 | 4 |
Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
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HRZ (ASX) Chart |