hmc pumping cash Hydromet says "we expect to see an improvement...

hmc pumping cash Hydromet says "we expect to see an improvement in profit in the second half of the financial year"

If you annualise the first half net profit, it comes out to $1.72 million and a PE of about 10. If the second half is better then the PE is lower. The cash flow statement isn't bad either - operating cash flow annualised just over $3 million.

These are all rough numbers worked out very hastily - you should check them out yourself.

Then there is the Stanton prospect HMC plans selling for $500,000 cash and $2,500,000 worth of shares in the company buying the prospect.