There is good early market depth building with buyers at 30.5, 31.5, 32 and 33 cents this morning. It's pleasing to see the continued momentum with the share price moving from 22.5 cents a fortnight ago to 30 cents on Friday. Market sentiment is definitely shifting which can be attributable to a number of key factors i.e - 17/08 released significant exploration drilling results at Freida - 18/08 drilling commenced at Star Mountain with the first results due within a month (so not far away) - no debt, 20.7 million in cash, cash position further strengthened by 2.5 million, and bringing on a A grade institutional investor - and the Ramu update with two plaintiffs discontinuing proceedings
It all looks very promising for investors.
HIG Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
