How Big will Distribution be, page-27

Good discussion.

Snippet from a research note of another ASX listed junior producer, which I wont cross promote here.

" We think investors in small companies don’t expect dividends and invest for speculative events such
as drilling and historically XXX had a higher share price when it was more active, and taking on large
exposures. However, the drilling needs to be successful and funds sufficient to enable a going
concern in the event the wells come up dry, and the history shows XXX E&P activities were only
partially successful."

Basically saying that without the big hitter targets, punters aren't much interested, and sp remains discounted.
Queue HZN's recent strategy as a way fwd to reward shareholders without taking on big risks that usually just provide short term spikes in the sp. Obviously need to have the scale and sustainable earnings to do so.

Interested to see what HZN does next on that front.