I have gone over and over what this company is doing and am surprised that based on market activity its like its gone into a deep sleep. I began to look for a possible reason for this as the company has for all intentions first class tenements and the drilling results so far have been very promising. I also noted that recently a placement was made at 70c and yet the sp is well south of this with very low, almost zilch, trading activity.
My conclusion is that the stock is being tightly held by holders and the trading is really small time stuff that is not representative of HEMs potential value. My opinion is that the company is likely drilling away and shareholders are waiting the next round of results. If they continue in the same vein as those reported so far I believe the shares will continue to be tightly held but the small volume that does get transacted will be at a higher price.
Just my opinions. Please DYOR.
cheers
HEM Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
