I see US / AUS investment club 2 Portfolios.com, who run a portfolio for high-growth stocks, just sent out an email note calling HVY as one of their top high-growth potential picks on the ASX. Since I subscribed four years ago their high-growth portfolio has made about 40 investment calls - of these 27 ( 67%) have gone up by 100% or more - and 14 (30%) have gone up by 1000% or more - so they have a pretty strong track record! Thats encouraging.
(They first called HVY as a buy for their paying members at 5 cents about a month ago- which is when I got in, and now I see they have sent an email to their free email subscribers - and they have quite a big Int'l following - so that could be good news for us holders.
That means now, both Next investors with a big following and the 2portfolios have called this as one of their top picks on the ASX. That's gotta help its credibility and liquidity.
Reading the latest quarterly - as you guys say - with A$ 47k left I can't see this going any higher till they get more funding- either by the royalty funding they mentioned they are looking for - or if not we should expect a CR pretty soon- I think that's what's been keeping this stock down. I reckon HVY should just get it done and out the way and get on to finish the PFS- I like the fact they are trying to fund by royalty if possible not against IMO too cheap paper- But that's hard in early stage investments as most international royalty funds don't usually even look at a project before its got and PFS or better.
So if they CR to get the funds to complete the PFS, then the royalty funding gates can open. I believe in the US now, resource developers now get more funding from royalty funds than from normal cash raises like in oz. Oz has to catch up with the world and good to see HVY trying to lead the way.
Anyway, clearly 47k won't last them long, so either a funding deal ann or a CR can't be far away - either one is okay with me - we'll either get the chance to buy cheaper stock.......and then it should rally! - or they will announce some other funding .....and then it should rally! IMO each way is up! GLTAH!
HVY Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
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