HRZ General Discussion, page-133

In what was a very poor week for the ASX, gold has stood out the most and defied the red days. Even when the gold price doesn't increase, it seems to hover above the $1850usd/oz base, which tells me we are beginning a more sustained uptrend in the gold price with a medium to long-term bullish view. The support is strong and there isn't a lot of selling even when the market is spooked. Gold and silver are always going to be a strong hedge against inflation and inflation issues are going to get worse into the future IMO. This is why I think it is just the beginning.

The increase in interest for HRZ in the past 1-2 weeks has no doubt been based on the reversal in precious metals sentiment on the back of the USA, UK and EU inflation getting out of control. Plus energy crisis, supply chain issues, covid ongoing, further lockdowns, geopolitical problems, and a lot of media attention hyping up the potential for conflicts around the world. It is hard to gauge how accurate it all is in the media, and how much truth governments give out to the public... but what is certain is there are a lot of problems around the world right now and it will just take one of these issues to get worse and precious metals will have a field day. If the majority continue to get out of hand then one of the biggest precious metal bull runs of our time will begin imo.

The volume has by no means been amazing in HRZ lately and there have been very few standout announcements in the past month to warrant that sort of attention. The fact we have had a solid trend from 11c to 14c, on low volume shows how little sentiment there is to sell out of this company right now. There are a lot of tight hands in this register now. Right now the smart money and bargain hunters are arriving early - who see long-term value and confidence to hold long.

The big money and large volume days will arrive when HRZ starts to release some big price-sensitive news, and we know by the summaries in the latest Quarterly there is a lot of that to come in the next 3-6 months as listed below:

The only one I see released so far is the Resource update for Cannon, the rest are coming! IMO 20c and beyond is not far away.

DECEMBER QUARTER ACTIVITIES:
• Continuation of the large-scale exploration program and release of further drilling results
• Resource update for Cannon and maiden resources for Baden Powell and Windanya
• Maiden Ore Reserves for Rose Hill, Boorara, Crake, Jacques Find - Peyes Farm, Kalpini, Penny’s Find JV and Cannon
• Progressing the consolidated Feasibility Study, proposed mill design and approvals
• Continuing to pursue further value accretive consolidation opportunities