HRZ

4.55%

4.6¢ horizon minerals limited

Jon Price managed Phoenix gold in a similar way, what's the...

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chuxy

603 Posts.

46

01/04/22

10:27

Post #: 60571531
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Originally posted by coto: ↑

Good idea to continue toll milling and divestment activities to fund the exploration of newish tenures, while also ticking the main projects along, adding ounces with infill drilling, further studies etc. The vanadium alone will be enough to get this stock moving in the months ahead. In fact just the market waking up to our future upside is enough to get us increased volume. More media work by management is crucial!

When you look at what is happening in the sector - with increased labour costs, higher energy costs and plant and equipment costs, these inflationary concerns cannot last forever. The discrepancy between these higher mining costs/precious metals prices not rising in tandem cannot last long. The only result of this continuing is mines getting mothballed which cannot operate in high inflationary periods. This will only result in less supply in the market around the globe and higher gold prices will be forced to follow. The market will decide on this, it is destined to happen! This is exactly what has happened with most commodities lately (except gold and silver..yet!). If you look at uranium for example, spot prices have been rocketing up to be more in line with what they need to be in order for mines to operate .. .this is so supply enters the market to meet the higher anticipated future demand.

In the coming months, this will happen with gold and silver and I expect serious rockets in both prices soon. I know it seems like we have been saying this forever - but these are completely different times with China & Russia... plus potentially India and Saudi Arabia - All massive developing economies starting to distance themselves from the petrodollar/USD. This will only weaken the US and result in further movements towards gold based currencies (and digital currencies). Therefore the central bank's tight holds (manipulation) of the precious metals markets are coming to an end VERY SOON.

A great read below for all investors interested in the current state of the global financial system and future outlook...

How The West Was Lost: A Faltering World Reserve Currency | ZeroHedge

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Jon Price managed Phoenix gold in a similar way, what's the point in diluting shareholder value when you have gold in the ground that you can just dig up. I always have liked and admired his style of out of the box thinking. Its so simple but plenty of lazy CEO'S find it easier to go to the market for extra funds instead of preserving our value. Jon Price certainly looks after his shareholders.

HRZ Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.6¢		Change 0.002(4.55%)		Mkt cap ! $51.45M

Open	High	Low	Value	Volume
4.5¢	4.6¢	4.3¢	$26.78K	589.4K

Buyers (Bids)

No.	Vol.	Price($)
3	161650	4.3¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	293164	1

View Market Depth

No.	Vol.	Price($)
3	161650	0.043
2	39000	0.042
2	47196	0.041
5	2543564	0.040
5	1038883	0.039

Price($)	Vol.	No.
0.046	293164	1
0.047	235000	3
0.048	5143	1
0.049	200760	1
0.050	429264	6

Last trade - 16.10pm 06/09/2024 (20 minute delay)

HRZ (ASX) Chart

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