Gold just hit a new all-time high. Giddy up! $3000usd in the coming months IMO. Crazy world we are living in... Definitely the place to be! We just need the ASX gold stocks to start performing now! There is a lot of ground to make up and something will start the ASX rally soon IMO.
A shame HRZ are not producing already, but when we do, there will be even higher profits to come. I am sure if we had a new management team this stock would re-rate instantly. All the more reason to change directors. Our chart negatively correlates with the price of gold (our fundamental commodity). It is harder to do, than not to do IMO. It all comes down to the market losing confidence with management and the constant own goals they have delivered in recent years.
With a new management team, we are 8-10c instantly IMO. With a new management team and positive stream of announcements then we are 10-15c and beyond as gold conditions continue to improve IMO.
We know gold is not going to crash from here. The global geopolitical and economic issues are only going to escalate until November and into next year. The Democrats know they have now lost the election. Biden is toast, trump more popular than ever after the failed assassination. They either sabotage everything for when trump is in power or they try to avoid the election altogether - another pandemic, ww3 etc?
As with the economy, well inflation is not dropping, unemployment keeps rising and debt keeps spiraling out of control. There won't be any good news any time soon on the economic front which would force gold to retreat. Gold is definitely the place to be and it makes me even angrier seeing the state of this company, that we are not taking advantage of this. If management organised a gold production deal 3 years ago when they had the chance, this is probably a 30c plus stock now imo.
