With the price of copper now at historical 45 year highs and with Hammer (HMX) continuing to find the red metal and gold and adding to it’s growing inventories, the seller who is trying to cap prices and push HMX lower has to be eventually caught out on the wrong side of the ledger when the market finally wakes up to what this little gem is holding.
IMO since the recent 9.5c capital raise the HMX story has just got better and better and de risked (Sumitomo JV on board to develop and mine copper/base metal resources) further additional extension of existing copper resources discovered and added to HMX’s growing inventories and a surging copper price which is now at all time 45 year highs. (Please refer to attached copper chart from macro trends for reference) DYOR.
HMX is currently now at a 44% discount to .095c capital raise in which Directors participated in and with what I consider all this additional good news surely HMX must now be a great buying opportunity at these current prices levels of .066c? JMT!
Or am I completely misreading something here?
I don’t think so, I believe the market is or just hasn’t woken up to the potential and the recent developments and updates here just yet!
I have always believed in the HMX story, and they have a world class team in world class location/s, the pieces are slowing coming together, unfortunately the impatient ones might just miss the ride of their lives!
Good luck to all holders.
Cheers Aussie
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Last
3.9¢ |
Change
-0.002(4.88%) |
Mkt cap ! $34.62M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.9¢ | $2.074K | 53.17K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 123054 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 575000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 123054 | 0.038 |
1 | 250000 | 0.037 |
3 | 259221 | 0.036 |
2 | 437683 | 0.035 |
2 | 80000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 575000 | 2 |
0.041 | 71327 | 2 |
0.042 | 234562 | 2 |
0.043 | 216002 | 1 |
0.044 | 20000 | 1 |
Last trade - 13.09pm 06/11/2024 (20 minute delay) ? |
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