HHR

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0.6¢ hartshead resources nl

Ann: Outstanding Success in 33rd Licensing Round - Ten Blocks Won, page-14

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Byron

8,644 Posts.

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08/05/24

14:29

Post #: 73726966
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Originally posted by sergeant: ↑

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

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Thats a good point, one has to wonder why they havnt step up? but I think thats because nothing may get up, high risk, they already snowed under at 4c if they have held there

HHR Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 0.6¢		Change -0.001(7.69%)		Mkt cap ! $16.85M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$9.812K	1.635M

Buyers (Bids)

No.	Vol.	Price($)
26	13072176	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	5073083	8

View Market Depth

No.	Vol.	Price($)
26	13072176	0.006
22	9010780	0.005
9	4820833	0.004
2	3600000	0.003
3	3750001	0.002

Price($)	Vol.	No.
0.007	5073083	8
0.008	2050843	7
0.009	3600000	6
0.010	2300000	6
0.011	1020777	2

Last trade - 15.53pm 26/07/2024 (20 minute delay)

HHR (ASX) Chart

Ann: Outstanding Success in 33rd Licensing Round - Ten Blocks Won, page-14

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