Hi Mate Great to see you and the gang are still here, i have...

Hi Mate

Great to see you and the gang are still here, i have been out of HZN for a few years now.
I'm glad to say im back.. Took a position two weeks ago..

Reasons

1) Market Cap 90 million AUD

As per the quarterly report.
EBITDAX 50 million USD
EBITDAX 75 million AUD expected


HZN profit is almost the same as its market cap, super undervalued here and i will be topping up more so at these levels. Debt under control and HZN still holds some phenomenal assets at super low costs.


2) Shorters have not moved on and arent hammering HZN no loger.The daily shorts have been plummeting since the 20th of March. please refer below:


https://www.shortman.com.au/stock?q=hzn

3) The global economy is returning to normal and traffic both on the roads and in the air is slowly returning to pre corona levels as well as shipping and trade.

4) The Technical analysis also points towards HZN bouncing back.
We have broken the 20 day,50 day and are trading at a 100 day MA, please refer below:



Hope you guys find my picture book interesting.

For those looking for an extensive analysis, please refer below:
https://horizonoil.com.au/investor-centre/analyst-reports/

Regards
GK93