I thought that the board could have added the following to the reasons for the price increase:"The announcement of 22 May 2025 also stated the Company’s aim of releasing an updated Prefeasibility Study together with Maiden Ore Reserves for the Project. HIO had not previously advised the market of these intentions.
The company has also recently updated its website to ensure it reflects the current status of the Hawsons Iron Project."
Whilst I suspect that the recent price activity has attracted some traders, knowing that there is a maiden ore reserve and PFS coming up could mean its worth hanging on to a few shares.
Not to mention Twiggy Forrest's comments last week about China's pivot away from traditional coal-powered blast furnaces and the failure of rival miners to respond to the global demand for higher grade ore means that the Pilbara is at risk of becoming a wasteland. Given the coverage of those comments in major press, I'm not surprised if a few people have sought out a junior magnetite play that will deliver high grade ore. I don't know that magnetite will be the next cobalt or lithium, but some increased awareness of the value proposition of high grade magnetite to decarbonisation is certainly welcome.
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