Hey traders , there seems to be alot of hype being built in this stock. There are some realities to consider before jumping on the HLX ride.
everyone should be aware that any up trend hype that's currently happening will not last forever, the price of the stock may likely fall to the low 3 or 2 cents in the short term, after the day traders have had their fun.
any serious investors should have the time to wait out the storm so they can get maximum shares for their dollars. If HLX goes to 6,7,8 cents or higher, it will most likely be quite the risk to buy at those levels only to then have the price drop dramatically. ASK your self the question , How many times have I brought high in a company? Only to then see it drop and I loose more than half of my investment.
over 1 billion shares already issued in the company and we are only at drilling stage trying to calculate an estimate?? Wonder how many shares there will be in the next 2 years, do people think the price is going to stay high forever,lol...
there are many good quality advanced projects out there on the supermarket that people can invest in, dyor
June results will come, this company has released results possibly count less times, I'm sure the price of this stock was peanuts recently, like a few days ago.
it's extremely important to note that HLX may possibly have not completed any study's for the copper project,
check dyor? Have they done a scoping study, what about a PFS, certainly no DFS or BFS.
Do people actually realise how many years away from project development HLX is, maybe 5 to 6 years or more, and that's if people are lucky enough to see a junior mining company actually develop a project.
can you imagine the amount of shares on issue in the next few years, and in turn how low that will send the share price? Especially with all this capital raising going on.
take a look at the history of the stock, many millions spent on previous projects stemming back a long time however nothing eventuated from them. E.g. the gold projects in 2012 , ounces discovered however project abandoned.
I've noticed continuous issues of new stock, raising money countless times per year, 3 million not 2 long ago , around feb 2021 . Now another 4 million recently. JEEZ they seem to be churning through the cash .
I'm sure there's possibly been consolidations done on the stock, how many? Im not sure I really have to look into that.
I personally don't want to buy high and be locked in a lower price for years , or have to wait for that next hype wave if it ever comes.
mum's and dad's be aware of the risk associated with this stock at current, and exercise some patients.
my opinion.
Expand
(20min delay)