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14.3%

0.6¢ hartshead resources nl

TBH the ideal scenario for HHR is to not raise and sell 500BCF...

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rickflair

1,516 Posts.

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20/12/21

11:05

Post #: 58407272
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Originally posted by sergeant: ↑

In regards to price targets (and caution required because this is purely a technical view), I did a little basic charting over the weekend on IOG.LN which I also own.

As some may know IOG is a neighbour of HHR, with very similar assets but a couple of years advanced. They have already farmed out for full funding into production and retain 50%.

The below chart is where I think IOG will go over the next year or so, based on a simple long term measuring technique that has stood me well in the past.

Anyway, with 619 mill shares on issue and a price target of 76p, IOG would be valued at a MC of £470 mill, or $900 mill AUD for a 50% share of their assets.

That would be the equivalent of 97c a share for HHR. However, that is an undiluted value. But even if you were to half that 48c post funding dilution, thats still a 24 bagger

Long way to go yet, but Tamaruler's 3-4 x is an easily gettable target IMO.

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TBH the ideal scenario for HHR is to not raise and sell 500BCF 2P at $10+ BOE

Which I think is achievable within the next 18 months or so.

Which in AUD would be approx $1.2B

Last edited by rickflair: 20/12/21

HHR Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 0.6¢		Change -0.001(14.3%)		Mkt cap ! $16.85M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$10.50K	1.750M

Buyers (Bids)

No.	Vol.	Price($)
24	14415381	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	8521957	14

View Market Depth

No.	Vol.	Price($)
2	230528	0.007
24	14415381	0.006
25	9377623	0.005
9	4684333	0.004
3	3800000	0.003

Price($)	Vol.	No.
0.006	230000	1
0.007	8291957	13
0.008	1775697	6
0.009	3600000	6
0.010	2650000	7

Last trade - 15.47pm 02/08/2024 (20 minute delay)

HHR (ASX) Chart