Thanks for the reminder aussie; when you're juggling a portfolio, no matter how much research you do, it's easy to forget or overlook some very salient information about some of the companies that you hold.
I've been in (and sometimes out) of HMX for many years, and I think that the current SP is about the same as it was back in 2006, but of course it's a vastly different company now compared with what it was back then, when they had projects in China and I think in WA and Alaska, as well as in Qld.
Much as I like CNB, I now like HMX very much more. Some commentators have suggested that the MC of the two companies should be about the same, but however I look at them in comparative terms, I believe that HMX should be worth significantly more than CNB, but the HMX MC at about $43M is only one third that of CNB at about $124M.
I'm fairly heavily invested in the market at the moment, but whatever spare funds I have over the next few months will be going into HMX.
Cheers,
Mike
HMX Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
