Rdg still have their construction businesses so it’s not a straight comparison. Those businesses have allowed them to bring their mine to production super quickly. The other difference is that RDG is majority owned by MIN and the heads of each company are brothers.
MIN are funding RDG for everything. No need for them to do any capital raising. It’s a big difference.
60m RDG said to build their mine. Not a lot but HVY will need that level of funding to go into production. Probably more as RDG used their internal company.
MIN are no fools. They are backing RDG all the way with this garnet mine.
I’m at top 20 in RDG and may have become one in HVY. Very excited about both their futures. Just need to be patient and wait to RDG is in production.
regarding the share price movements, I think you are all reading too much into it. World markets are very and have been falling so no surprise HVY is fluctuating.
volumes are so small that small amounts are moving the SP.
RDGs market cap can move 20m with a $2k trade some days. It’s register is super tight. That tells you something.
Let’s hope HVYs register becomes just as tight.
HVY Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
