Welcome @Rossi70 ! Lovely to see you . Can agree on holding copper companies- esp development or mid- tiers right now. (Can say honestly everything I do is just distraction too from Race or I would have gone crazy And I love resources as main interests other than health, though a lot of trouble! Giant game of snakes and ladders so is important to be patient as well as well- researched. ) Goal to have excellent holdings longterm, and retirement ultimately. I follow very closely , & do huge research.
Hammer have good management - I like them. And HMX has felt like a powder-keg for the past 12 months - 2years.
What do I think of Carnaby? Wonderful potentials, very exciting past 1-2 years in the region esp with the shot fired & attention more our area here when CNB announcements were made in late 2021- certainly & we all should want longterm success there.
Fantastic discovery and news through the past 18 mths, **But also there have been excellent discoveries here through many more years.
Reminds of holding MEP through years when market didn’t understand it at all after Jericho discovered & resources scoped — it’s all risk until the way found for it to be mined. A lot of proving up required also- which Carnaby also must do.
**Like MEP/ then DRM- HMX actually have a resource. **
Hammer have more ground than Carnaby & actually a resource here.
I see $1.30 as major resistance there right now (cnb). Todays price action kick- off was due to FatT gave them a major plug late yesterday which boosted their shareprice today , as a buy up to $1.30 although warning that pullback could occur also. But that subscribers to get in before $1.30. FYI. Possibly also MacQuarie had influence there today. Price action unrelated to HMX today but shows the urgent interest for Cloncurry copper and copper development companies investment money. Great to see.
Here is the value & excellent risk : reward, imo. Investors got to or should do the research on the neighbouring companies also around , and the ground , and what is actually held by each.
I love Cloncurry region and investing in copper. Cloncurry region no1 in Australia for me. Overall — HMX have a very large size resource- which i think should be mined one day.
I have folded in money from my other Cloncurry copper company necessary selldowns. (2 x takeovers basically- which also folded back into the next companies ongoing but really needed to selldown my holdings after second takeover ) MEP was my long conviction stock especially by in 2020, other than Tassal also in 2021/22. I hold many other stocks but not as majorly as here even now., and had been the others. (Rac my clear no 1 and a few other health companies for diversity . ) Lost MEP last year and then DRM - both gone last year, as also the ongoing DRM from MEP ,was taken over within only 5 mths. One of shortest listings ever on the asx.
I have thought and calculated today and would not rule out a takeover here , relatively nearterm even either . All stocks I own even- if they stayed current market cap levels be worth it to a major to come in and take them over and do the work ongoing to bring their assets into production or commercialisation.
These excellent assets with decades of work and hundreds of millions spent - these valuable needed assets companies are now well and truly unattainable, globally even. Large companies other than via their own internal organic growth, will pursue and will have to acquire rights and assets off other companies- through mergers and acquisitions. Especially this year perhaps.
This is a year to sure up resources, (..or data and value if non- resources companies) & excellent partnerships with majors, to pay costs scoping resources, or research or exploration . Or focus on more growth & establishing what is already owned and raise funds to prove up more resources to economic & compelling profitable levels - maybe get major new discovery, or compelling proof unique value if a health stock, with extremely valuable IP.
Or if we see constrained borrowing conditions and capital raises- many takeovers I think are going to happen in all sectors. This year potentially most especially.
Copper ground holdings and development companies- without doubt will see more rationalisation in the Cloncurry and North Queensland region. Infrastructure and relationships & the jurisdiction are superb.
Looking today - also for instance at Superior market cap for contrasts here to HMX , other than also with Carnaby clearly.
I see several ambitious companies in the area Cloncurry- including AIS with connections to HMX, A1M recently with their takeover already of DRM/ MEP.
But also Rio - with announced interests to add to copper holdings and with extensive exploration ground in North Qld Cloncurry in HMX area, and also Charters T, inland from Townsville region. They, Rio, were relative late-comers but been really active since 2018/19.
HMX have a JV with Sumatomo who are being very thorough with their exploration our joint ground, their expense. Sumatomo have also had a lot of frustrating misses around the world in their quest for more development, longterm projects. They ought to have loads of money available for whatever they decide- Sumitomo are owned by Mitsubishi I understand. They are HMX JV partner already.
Rio though .. intrigue me ? They may wish to establish mining presence in the region.
BHP is like a return for them with some land- they held a lot of land and made the initial discovery Eloise back in ~ 1986/87, now owned by A1M. (Was Breakaway, MEP took over ~2012, after they had sold Eloise ) Surrounding and amalgamated land had been MEP and subsidiaries. A1M re- amalgamated it ++ land once held by BHP, decades ago and with drill results, and SFR in interim + OZL. Hence BHP are back with minor shareholdings in a number of juniors & A1M, as well as their holdings in CNB.
All is to say- the options for HMX’s ground- are compelling. Potentials be - BHP (OZL) with Carnaby obviously if they can prove up an economic resource for mining, and justify new processing facilities. **HMX ground surrounds them. A major discovery confirmation would insure this to occur- all maybe ultimately be mined.
Or Rio - in near vicinity , with some ground more so. They have done excellent geological work.
(Excellent additions to HMX YouTube videos for the greater Cloncurry region including HMX land — Glenn Little , ex Head Geo MEP/DRM - taken over by A1M who are now very busy with what they have to manage ; Rio Tinto’s Head Geo- Rio very much wish to discover or obtain resources; and also Carnaby Head Geo presentations - OZL/BHP also have significant shareholding CNB. ) Or AIS - near Mt Colin. Their Barbara is also NW of HMX ground.
And HMX JV already with Sumitomo. A true global behemoth.
Available processing in area - - Evolution, NE of Cloncurry -AIC Mines , A1M now , SE of Cloncurry (Eloise and Jericho- ex MEP & then DRM have identical ore, one big resource ) , - Glencore , Mt Isa , to the west also within easy distance .
Kalman —HMX large actual resource,with multi billion dollars metals contained - needs specific processing . ??? But what if,.. Kalman is similar to Rio Tinto resources, in the area? … or,elsewhere in Nth Qld ? (Eg greater Townsville and Charters Towers region? ) I believe there is similar but Kalman is large and higher grade Mo. Cloncurry arguably better situated also ?
Im sorry only typed quickly, will delete if not sufficiently clear or useful,
Compared to isolated discoveries or orphan regions, and our many troubled parts of the world in which to operate- Cloncurry is one of the best in the world imo. Like a region I think Quebec? in Canada— copper mining was occurring here in the 1880s, late 1800s - into 1900s until WW1 interruption. Major mining has continued through over a century and there is excellent infrastructure, local mining friendly and supportive communities and workforce and people , Govt support, and multiple processing options. Rail transport established to port, gold refinery in Townsville. Excellent local laboratory access for assays (Mt Isa, Townsville) and regional geological & mining industry consultants. Well understood.
I also bought more of our no1 stock. Waiting has been the main thing the past nearly 2 years Cloncurry copper ultimately has been my income for the past 3 years though. First started following in 2016 with Minotaur. (Taken over) But for contex - all the people involved have long histories with careers also with majors, including HMX ceo, all the past MEP/ DRM management who now pretty much retired as end of careers , but focused and chose Cloncurry region and copper search and discovery nearly 20 years ago after their first discovery (Prominent Hill) and original Minotaur taken over by precursor company to Oz minerals. Then they discovered Eloise extension and new greater resource Cloncurry. Not large enough again for OZL however.
The geologists and all the local company MDs, understand the complex map of original ownerships of the prospective ground & who has worked for who and also often had direct past involvement other nearby mines. Including HMX lead geologist.
And I love resources as main interests other than health, though a lot of trouble! Giant game of snakes and ladders so is important to be patient as well as well- researched. )
