Several of important things came out of Fridays trading:1. Good...

Several of important things came out of Fridays trading:

1. Good signs to see that 2 directors bought shares this week, which is a sign of their confidence in the company, and also some good news is not far away.

2. There was 3.975 million shares traded at or above the previous resistance at 18c yesterday. This is a sign that HLX was on more traders watchlists than previously thought and they jumped in on the sign of the breakout or the closeness of an announcement.

3. The price of Gold is certainly on an upward course with one of the Fed Governers speaking of his concern about inflation and the fact he believes interest rates need to be higher. Gold being seen as a hedge against inflation. With the Tunkillia resource upgrade due shortly any forward move will be a positive for HLX.

4. The markets willingness to buy up big any junior that announces a decent Iron Ore Resource at the moment, TRF was a great example. Imagine what will happen when AQA and HLX have their JORC resource.


Also there is the awaited announcement of the Uranium JV drilling with TORO, when people realise that HLX has a large Uranium landholding watch the Uranium junkies climb aboar.

All in All not a bad time to be involved in HLX.



Remember DYOR