Very exciting last 2 days.
What a nice momentum the last two days.
HOR is definately awaken.
GMM raised from 0.4c to 13c within hours with a darkroom announcement.
(equivalent for HOR from start of buying momentum at 1.3c would be 42c..;-)
Don't know where are all the current posters have been in the last months?
Lets have a look about the last 4 weeks, so you will be enlighten whats going on here imo...
HOR extended the tenement holdings, announced three weeks before, on 20th January 2015.
Horseshoe Lights Copper/Gold Project Area Expanded
For a really small buck, they bought tenements round about their Horseshoe Lights prospects.
Why is HOR Management doing this? To burn their money?!
To let HORs mcap at 3.5m AUD?!
Think about!
5 days before this announcement, on 15th January 2015, they commenced the deep RCD358 drilling.
Must be a coincidence..;-)
Deep Drilling Commences at Horseshoe Lights Project
Have a look at the area:
Sandfire's DeGrussa is a only 75km away.
The new tenements in red:
Sattelite picture from Horseshoe Light:
Where the RCD358 is:
RCD358:
Good to see that the drill was extended from 600m to 698.1m and where they got samples from.
Horseshoe lights and Kumarina have massive potential.
There is massive copper in the ground.
They mined DSO-Copper-Ore (direct shipping ore) at 20-30% before.
Let's wait what the RCD358 has to show us.
Nice picture here:
http://www.openbriefing.com/files/CP_44/Horseshoe-9.pdf
Back to the share registry:
M. Fotios is controlling about 20% (M. Fotios/Whitestone/Investmet/Delta)
J. Poynton about 7% (Mulloway/Azure Capital/Cliffway)
Our CEO N. Marston is holding nearly 2m shares with his private family account.
They all have interest in a big success story!
Top20 is really strong. Didn't see one of them selling.
50% of the company.
Think Top100-200 is 80-90% of holdings.
169m shares outstanding
5.4m options at 60c
Here is the current share registry with Top20:
http://www.horseshoemetals.com.au/fileadmin/docs/reports/HOR_Top_20_holders__31Jan2015.pdf
Freefloat is more than underwater at the moment.
I think nearly 80-90%.
M. Fotios backed up HOR massive at 30c.
Remember this!
Then followed smaller cash injections at 7c and later a breath-and-living small cash injection at 2c, where every holder was free to participate. (i did)
If anyone is waiting for a cr at 3 to 5c, forget it imo!
They won't hurt themselves.
Sandfire's plant needs copper!
I don't think they run on 100% currently.
Maybe there are just discussions going on...
Statement on every announcement from Horseshoe:
About the Horseshoe Lights Project
The Horseshoe Lights Project includes the old open pit of the Horseshoe Lights copper-gold mine which operated up until 1994, producing over 300,000 ounces of gold and 54,000 tonnes of copper including over 110,000 tonnes of Direct Shipping Ore (DSO) which graded between 20-30% copper.
The Horseshoe Lights ore body is interpreted as a deformed Volcanogenic Hosted Massive Sulphide (VMS) deposit that has undergone supergene alteration to generate the golden riched and copper-depleted cap that was the target of initial mining. The deposit is hosted by quartz-sericite and quartz-chlorite schists of the Lower Proterozoic Narracoota Formation, which also host Sandfire Resources’ DeGrussa copper/gold mine.
Past mining was focused on the Main Zone, a series of lensoid ore zones which passed with depth from a gold-rich oxide zone through zones of high-grade chalcocite mineralisation into massive pyrite-chalcopyrite. To the west and east of the Main Zone, copper mineralisation in the Northwest Stringer Zone and Motters Zone consists of veins and disseminations of chalcopyrite and pyrite and their upper oxide copper extensions.
A Mineral Resource Estimate for the Horseshoe Lights deposit was completed by the Company in June 2013 (see 30 June 2013 Quarterly Report announced on 31 July 2013).
The Mineral Resource Estimate meets the reporting requirements of the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”
The total Measured, Indicated and Inferred Mineral Resource Estimate is 12.85 million tonnes @ 1.00% Cu and 0.1 g/t Au for 128,600 tonnes Cu and 36,000 oz Au (using a cut-off grade of 0.5% Cu)
Good luck everybody,
Mikro
(20min delay)