Very impressive close to trading by HMX today. Just took off in the last hour.
Interesting play going here with the entitlements issue.
The more this trades towards and over 3c, the more the entitlements become attractive, rather than a burden. And the oppies additional upside leverage could really add to a big trading outcome if this stock really gains some momentum.
With forthcoming good assay results from Judith almost guaranteed by the XRF, the next couple of weeks could be interesting for HMX.
Over 50% of 100 rock chips over 1% copper.... a very good hit rate. Nothing guaranteed from rock chips (as geos are very good at picking up the best looking rocks), but its an impressive start.
Gosouth
HMX Price at posting:
2.7¢ Sentiment: None Disclosure: Held
