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4.30%

8.9¢ heavy minerals limited

This from my post two months ago, i dont ignore facts when...

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Dumaguete22

8,022 Posts.

1167

16/12/21

09:48

Post #: 58328259
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Originally posted by Access2020: ↑

I’ve looked at this since before the IPO. I certainly agree there is upside here but you keep going on about RDG and are being disingenuous about your comparison as you seem to be savvy enough to know better.

Yes, RDG is the best comp and is around $160m market cap

BUT,
1. RDG has $24m in cash
2. RDG is three businesses including Central Systems and the Ant Hill project
3. RDG is actually profitable
4. RDG is more advanced in garnet as it’s reached DFS and is well in to development
5. RDG is backed by Ellison. One of the best miners in the country
6. RDG has already invested material sums and will be in production without a CR so is much more de-risked vs HVY that is just starting their journey

I am sure you know all this but every time I check in on what’s happening I see incorrect statements which might be influencing people that don’t know any better. Again, don’t get me wrong, there’s certainly upside (with some risk) but HVY and RDG simple comps are meaningless

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This from my post two months ago, i dont ignore facts when compare just so you understand

$1 fully diluted is around the $65mill mark... RDG $150m mcap although they have a few other irons in the fire and $18mill cash to consider.

HVY Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.9¢		Change -0.004(4.30%)		Mkt cap ! $5.897M

Open	High	Low	Value	Volume
8.9¢	9.0¢	8.8¢	$5.133K	57.63K

Buyers (Bids)

No.	Vol.	Price($)
1	3511	8.8¢

Sellers (Offers)

Price($)	Vol.	No.
9.2¢	20000	1

View Market Depth

No.	Vol.	Price($)
1	3511	0.088
1	58488	0.086
1	20465	0.085
1	41366	0.084
1	8856	0.083

Price($)	Vol.	No.
0.092	20000	1
0.120	2800	1
0.135	15000	1
0.140	227272	1
0.160	10000	1

Last trade - 14.13pm 01/10/2024 (20 minute delay)

HVY (ASX) Chart

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