HVY

16.7%

10.5¢ heavy minerals limited

Ann: Updated Port Gregory JORC Mineral Resource Increased by 23%, page-46

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Cookiemycat

593 Posts.

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11/07/23

10:29

Post #: 68722435
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Originally posted by 2ic: ↑

What an epic organised pump on almost meaningless 20% MRE upgrade that was always coming based on some extensional drilling results released long ago. Not often do long-suffering holders get the opportunity to exit from an illiquid cray-pot loser like this, no excuse for riding this back down again, as these pumps so often do...no excuse but greed or delusion.

For those interested, I ran my knuckles over this 9 months ago on release of the scoping study. A number of posts over a couple of weeks, lots of analysis, waffle and arguments as usual, with the three most relevant ones linked below in posting order

https://hotcopper.com.au/posts/63656642/single

https://hotcopper.com.au/posts/63725748/single

https://hotcopper.com.au/posts/63772851/single

Biggest issue I had was the outrageously high product pricing assumptions, a commodity controlled and priced based on retail distribution access and pricing power, industry concentration where in the era of 'supply chain risk' it doesn;t make a lot of sense to add more global supply concentration to WA (esp for China), and finally that the existing players in WA have many years of garnet supply in hand. HVY holding one small lease along a demonstrated trend of high quality, high tonnage garnet sands... I could be wrong, stock isn't highly priced, good enough 'asset' to support CR's and salaries for many years to come I'm sure.

GLTAH

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why did GMA give MRC (their competitor) 3x 10mil offtake agreement’s if they had enough supply?

HVY Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

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(20min delay)
Last 10.5¢		Change 0.015(16.7%)		Mkt cap ! $7.039M

Open	High	Low	Value	Volume
9.0¢	10.5¢	9.0¢	$7.03K	75.46K

Buyers (Bids)

No.	Vol.	Price($)
1	1400	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	2800	1

View Market Depth

No.	Vol.	Price($)
1	1400	0.105
1	7939	0.092
1	25000	0.086
1	41366	0.084
1	24691	0.081

Price($)	Vol.	No.
0.120	2800	1
0.135	15000	1
0.140	227272	1
0.160	10000	1
0.180	40125	1

Last trade - 15.57pm 04/10/2024 (20 minute delay)

HVY (ASX) Chart

Ann: Updated Port Gregory JORC Mineral Resource Increased by 23%, page-46

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Ann: Updated Port Gregory JORC Mineral Resource Increased by 23%, page-46

Top Stories

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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