Unfortunately, I was forced to take a 1-week holiday from Hot Copper. Be careful what you say in these threads, one of my comments in the other HRZ threads caught the attention of someone (I wouldn't even rule out the man himself) - they contacted HC directly and got me suspended. I called out the ridiculous loan situation we are currently still dealing with. In my view this loan is one of the most one-sided I have seen in my time investing, and I called for the person who organised it (they are no longer with HRZ) to be investigated. When you go to those lengths to get the post moderated and person suspended then maybe there is merit in what I said. The gold price at the time was still decent and the HRZ projects at the time were profitable so I do not understand how a much better loan deal could not have been organised at the time?! I think it is a fair statement to say, and HC should spend more time looking into all the trolls and bots in here on various stocks than to suspend long term posters like me for being open and honest.
Anyway, back to business. I am very happy with this investor presentation so well done to current management. A very good overview of all our projects and I especially like the diagram below which lays out the future growth potential nicely in one image. There is also a little comment below which says Nimbus will be funded by production cashflow which was great to see!
The one negative from the investor presentation I can see is the Black Swan mill refurbishment studies are taking 12 months to finalise, which seems unlikely to me. I suspect management, who have struggled with meeting timelines in recent years are just covering themselves and providing additional time. I would not be surprised to see this completed around a quarter ahead of schedule, especially since GR Engineering already know so much about the mill.
All we need now is the drilling news and production news to come in thick and fast and these horrible share price levels will be left behind for good IMO!
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