The SP performance of the entire sector has been more than disappointing in recent months (e.g. also for CNB and other explorers). It is not an isolated HMX issue.
I remain realistically optimistic.
Results from the SMMO JV are in the pipeline. I expect drilling to commence at Yandal in the next 2 weeks and plans for further drilling at Mt. Isa are probably well advanced. I expect an update in these 3 contexts before mid-February.
RIU conference is also mid-February. Even if Dan only has 10 minutes for a presentation, I'm sure he will a) use the time and b) be able to "drum up some interest" around the HMX story.
CR will certainly come - the question is also what SP level. I'm keeping an eye on the SP - should there be another pronounced phase of weakness (I'm thinking of an SP of 3 cents or lower - which I would regard as an absolutely ridiculous development), then I would probably have to buy again.
We should take a few steps back and look at the overall picture. For all the disappointment regarding the SP, the fact is that there are at least a handful of potential catalysts that could move the SP in a completely different direction.
I'm not even thinking about a possible breakout of the copper price above the USD/lb 4.00 mark - currently around 3.92 (watch out 3.95 - minor resistance and 4.02/4.05 - major resistance - for a runt towards 4.20/4.30 - an PS. I think the price will never come back again - at least not in the next 10 years.
DYOR
- Forums
- ASX - By Stock
- HMX
- Ann: Quarterly Activities and Cash Flow Reports
Ann: Quarterly Activities and Cash Flow Reports, page-10
-
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HMX (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.0¢ |
Change
0.002(5.26%) |
Mkt cap ! $35.45M |
Open | High | Low | Value | Volume |
3.8¢ | 4.0¢ | 3.8¢ | $18.19K | 470.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13500 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 180839 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13500 | 0.038 |
1 | 30000 | 0.037 |
1 | 45715 | 0.036 |
1 | 28571 | 0.035 |
2 | 145000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 180839 | 1 |
0.041 | 55000 | 1 |
0.042 | 235703 | 3 |
0.043 | 152000 | 3 |
0.044 | 540000 | 2 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
HMX (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online