HOR 0.00% 0.9¢ horseshoe metals limited

ann out, page-77

  1. 98 Posts.
    lightbulb Created with Sketch. 22
    agree with you on the potential.

    Since relisting , i would suggest average progress has been made , i believe ~ 4m has been raised and $0.4 is left in the bank - so $3.6m spent. The company talks about loans still avaiable , but i have reservations on this ? could mean further cap raise - further dilution for shareholders

    The share price is in decline and updates are few an far between. Mgmt and directors need to get on with it and start delivering for shareholders.

    The largest shareholder "delta resource mgmt p/l" as per the last annual report is under liquidation (asic notice 15 feb 22) - same company has loan with HOR. Interesting that as disclosed in the prospectus C Hall and K Stoney were employed by Delta - Small world hey

    Anyway Stoney did disclose in the last qtr report " Continued to evaluate historic DSO stockpiles to unlock early cash
    flow opportunities – sampling of surface stockpiles completed during the quarter and presented to potential offtake partners for review"

    What is happening with this and when will the market be updated ?

    Get on with it mgmt !!!!!!!!
 
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