Well I sold out of HIO last week I really cannot see anything happening before 2035 now, after all announcements and spriuking of the company by past management then for the Chairman to drop the big bomb shell announcing a change of direction/planning again back to testing re evaluation of the project more $$$ wasted and the stock price plummets.
I took some profit along the way but ended with a 95% loss and a very harsh lesson in trading to ultra check management/directors background & not believe all that is presented to us the SH.
I will keep watching now from the side lines on any progress as yes the ore is still in the ground that doesn't change but the big challenge always is going to be financing for building the mine, shipping , transport etc and with China slowing & sourcing large volumes of Iron Ore and high grades soon from Africa this is already impacting our Aus market.....good luck to those still holding.
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