HHR 7.69% 0.7¢ hartshead resources nl

I'm curious to know why management haven't bought a share for...

  1. 6,190 Posts.
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    I'm curious to know why management haven't bought a share for nearly a year now. I can sort of understand why they didn't dip in prior to the "Non FID" announcement in March this year, because they would have anticipated FID and would have been in black out until then.
    But now that everything is out in the open and apparently known, and we don't have any regulation news until the back end of July, I would have thought that this would be the perfect time to be buying. Lets not forget that hey were each prepared to put $250k in at 4c subject to an EGM back in April 2023. With that sort of firepower, they could buy 100m shares at these levels.
    Either they are in possession of further news (probably), OR they are just waiting for the market to clean itself up (possibly), OR they see further downside (unlikely).

    As a footnote, I specialise in Project management, and we use an Acronym callled VUCA, (standing for Volatility (V), Uncertainty (U), Complexity (C) and Ambiguity (A)) when dealing with at risk projects. To paraphrase Donald Rumsfeld, there are "knowns, known unknowns and unknown unknowns". I put us in between the first and the second category. We know the share price is cheap and they have increased their potential value as a business this week. What we know but are still unknown (in terms of outcome), are timing (U), negotiations (C) with JV partner, funding (C) and political risk (U/A). In terms of current risk profile, I can certainly live with this. It's when you get 4 in the A category that you are really starting struggle
    Last edited by sergeant: 08/05/24
 
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