Quite clearly if you're entering from 9/11 cents this entertains huge potential/upside. A cpl pips down. Who cares, this resource, given its grade, size and sovereignty in Aus and NSW...great.
Yet there's no way I'd entertain leveraging down if I'd bought 20s or 30s given mangament of late.
It's a shit storm that mangament need to take steps quick to resurrect. Thats where the carrots of naming these offtake partners and strategic re-plan..and the buy out enter.
Still a ways to play out whether or not this is truly a great buy at 9/11 cents...am obviously hoping so. My gut feel since the end of October is that markets are entering a freindlier period for resources given inflation is on the downward slope. YOY data US should prove fruitful over the next 6 months.
Can management provide the carrot or are they positioning for a take over?
GLTAH
HIO Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
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