HRZ General Discussion, page-710

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PlanetCaravan

52 Posts.

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26/09/24

21:25

Post #: 75860700
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Originally posted by coto: ↑

Hi MITM. Good to see you have averaged down after the horror show of the past 4 years. I have done the same, even if I was incredibly scared while buying during the past couple of years. It was a falling knife when I was purchasing more stock, but I got my average down from 13c to around 6.8c right now. I am even tempted to do one last average down while the opportunity still exists to potentially get that even lower to around 6c. With the recent BOD personnel changes and gold production news now imminent, I have not been this confident for around 4 years.

The Gold price break out and apparent easing of inflationary conditions are going to add many millions of dollars to our accounts in the short to medium term. Of course we have that approx. $7M loan to pay off, but once that is out of the way, we will be able to spend on additional exploration (we still have a lot of prime underexplored tenure holdings). Plus cashflow to develop other assets like Cannon and Nimbus. The silver and zinc price break out will also make financing and offtakes for Nimbus very attractive. Potentially even a JV which may take the development costs away from us.

We are about to get very busy and news flow is about to ramp up in a big way. Everything is set up beautifully for the stream of gold production news kicking off - Production visuals, gold pours, gold payment receipts etc. These things are exactly what the market needs to see to finally get full confidence back for the investment community. We need absolute proof of managements production promises for investors to come back and purchase stock in HRZ. Lately we have just seen high-risk bargain hunters arrive, but with gold production proof we get the genuine retail and institutional gold bulls entering and thats when the real volume will enter imo.

I believe 15-20c is a conservative target for 12 months' time. If the gold price performance keeps extending (which I believe will be the case) thanks to the current global economic and geopolitical issues which have no end in sight, then we may get to that target sooner than 12 months. If management updates us consistently with good news from gold production news, then the interest and volume will arrive as I explained above, and the share price will re-rate quickly IMO.

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Excellent summary there coto and I reckon you are spot on

HRZ Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

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