HCY halcyon group ltd

OK, FCN is 79c for 125m shares on issue and they do have great...

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    OK, FCN is 79c for 125m shares on issue and they do have great ground with good results pending.

    HCY is 2.4c with 341m shares on issue with good gold ground and high probabilty nickel and further good gold prospects.

    On a staight line compared with fcn, hcy would be 29c.

    However, given that fcn have a greater proven drilling success(but still no resource), this simple comparison is almost irrelevent.

    The wide gap between the two in my opinion is partly due to the market sentiment and hype surrounding wmc/fcnand now jubilee and also the rather infrequent advice from the boys at hcy.

    The market needs a constant dose of viagratic input from the directors.

    The past lack of continuous information emanating from the hcy directors should be forgotten from this point on as a concerted exploration and drilling program with mre's support continues to be broadcast to the market.

    Additionally, hcy have the opportunity to invite any one of a number of third parties to assist them with their enormous gold potential (this will probably eventuate soon and be along similar lines as the mre nickel arrangement where hcy would potentially end up with 30% of another "Paddington" pit)

    Bearing in mind fcn only ever had 30% of the ground they held with wmc(wmr) and NOT that part of the ground that wmc hold exclusively,
    and also looking at the market reaction to some good news when fcn hit $1.47, I would consider the upside for hcy on a positive result for nickel and or gold, to be HUGE !

    Obviously they have to have indications that they have the likelihood of the "goods"(as per FCN).

    At the current price of 2.4c isn't it worth more than just a punt in this market????

    This could prove to be the sleeping giant it has always had the potential to demonstrate !!!!!!!!!

    Get in now before the horse bolts!!!!!!!


 
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