SP went up 23% on 31st August pretty much in relation to this news. It dipped around 11% the next day but net outcome is still positive. I believe this excellent news along with some uncertainties around funding does not allow the SP to rally any further. Market being very precautious.
RBA interest rate hike announcement tomorrow. Will take interest rate to 2.35%.. Not a good economic climate for stocks to prosper.
I'm in for the longer term. Short term turbulence doesn't affect my belief in HIO. Now with 3 governments endorsing it, its probably the only stock in ASX that received this endorsement.
HIO Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
