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HMX

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3.7¢ hammer metals limited

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whiteyg

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18/06/24

16:21

Post #: 74373633
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Originally posted by Dragone64: ↑

I see some signs of life in various explorers from the Mt Isa region today. Not (yet) on HMX apparently but at least a little more movement than usual. As I wrote last week, I am a buyer at these levels. So I took the liberty of rounding up my position a bit at 3.5 and 3.4 in the last 10 days. Carnaby also moved up a little today - without news - and with relatively low volume. It will be interesting to see whether more positive sentiment returns to the sector or whether sentiment improves in general.

Opinions on the copper price are currently divided. Contradictory signals. I am sticking to my view: basically nothing has changed in the medium to longer-term outlook. We are only correcting an overshoot. We will probably remain in the range of USD/lb 4.20-4.50 until "new signals" drive the price upwards again. This phase may last a few more weeks, possibly even longer. In my view, this does not change the fact that the CU price will no longer fall to the 2023 levels. Probably not for a long time.

Furthermore, the ask side at HMX seems to me to be thin. Who wants to buy 2245 shares at 3.8?

Have the drillings in Hardway already been completed? How long does it take to drill the few hundred metres? Does anyone know? I mean how many metres can you do in a day? That would be interesting to know.

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Closed @ 3.3 cents with 1 share. This market truly sucks big time

HMX Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.7¢		Change -0.001(2.63%)		Mkt cap ! $32.79M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.7¢	$5.109K	138.0K

Buyers (Bids)

No.	Vol.	Price($)
2	90712	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	451355	2

View Market Depth

No.	Vol.	Price($)
1	40712	0.036
2	128571	0.035
2	145000	0.034
2	190909	0.033
2	36000	0.032

Price($)	Vol.	No.
0.037	451355	2
0.038	200000	1
0.039	159287	1
0.040	265000	2
0.041	55000	1

Last trade - 15.44pm 27/09/2024 (20 minute delay)

HMX (ASX) Chart

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