HVY

2.56%

8.0¢ heavy minerals limited

Ann: Maiden Garnet Drilling Program Completed, page-5

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Dumaguete22

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01/02/22

17:19

Post #: 59280461
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Originally posted by andy830: ↑

Valens is the largest holder in the company.
Do you think Mr. Navin Sidhu the director will come on the board or perhaps working in the background?

Will be interesting to see what he can do if he comes on.
He is also involved in EVR and the company from having 1 jorced project and 2 explorations and a market cap of $5 million or so now has multiple solid projects and flush with cash and a market cap of over $60 million, being at $80 million before we had the multiple down days.
Still has room to really run though IMO.

what i though was really fascinating is that from a company with no cash and low MC:
1) now they have close to $20 million in cash equivalents with $10 million in the bank,
2) they spun out an asset that is now worth in their books over $6 million, higher than their initial market cap
3) he got a $10 million "ATM" facility for the company when the market cap was a mere $10 million and very cheap too - any drawdown is only 10% discount to market and no broker fees to be paid.

however what I am really impressed with is that they got an offtake for a project that doesnt even have a JORC yet!!! nor have they done any much drilling. the offtake too is with one of the largest smelters in the world! it is also to be prepaid for a portion, hich means they will use those funds to pay for the plant and no dilution.

they also have an MOU done with one of the largest lithium company in the world and I have a feeling an offtake will be agreed upon soon too, guess what there is no JORC for the lithium too!!!

perhaps he can work some magic and get us some offtakes here too prepaid. That will be real good news for the company and take us into the stratosphere.

Expand

Shouldn't be difficult to get an offtake when they have buyers phoning every day asking to same the product.

Bulk sampling will likely get mentioned before we know it

Also good to see Hunter Capital still accumulating , they have increased just under the 1% threshold that requires announcing to market.. picking we will be seeing more news on subholders regularly as the story unfolds

HVY Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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Last 8.0¢		Change 0.002(2.56%)		Mkt cap ! $5.037M

Open	High	Low	Value	Volume
8.0¢	8.0¢	8.0¢	$2K	25K

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	12658	0.079
1	19397	0.078
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Ann: Maiden Garnet Drilling Program Completed, page-5

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nine's staff strike as Paris Olympic coverage begins

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

ASX Market Open: ASX200 to rise for Friday session | July 26

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

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Buyers (Bids)

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Ann: Maiden Garnet Drilling Program Completed, page-5

Top Stories

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nine's staff strike as Paris Olympic coverage begins

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

ASX Market Open: ASX200 to rise for Friday session | July 26

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News