Interview, page-89

Mondy I am sure you mean well but there are few gaping omissions in your story in regards to HIO and magnetite projects in general.

Now I am not going to argue what the share price is going to do in the next few weeks or months. I don't have a crystal ball and ASX investors aren't known for their patience.

But you have said on a number of occasions that magnetite projects have been through many cycles and keep getting pushed only to fail while putting HIO in that same group as a project that has been around for a long time and gone nowhere. You might want to dig into HIO's history a bit before making such statements (Slider has posted a full history of CAP and later HIO) but the short version is this:

First discovery around 2010. It took some time to get to a PFS in 2017, but this isn't uncommon. It is of note however that they managed to complete this during a big commodities bear market including very low IO prices.
This is when things went south, not because of the project or because it couldn't get funding...No there was in fact a hostile takeover attempt with several (Chinese) stakeholders attempting to get control over the project. The fall out including court battles lasted until early/mid 2021.

You might ask yourself why several parties had such a far going and extended fight for control over a project that has no or little value? And that in the midst of a bear market no less?? Makes you think doesn't it?

And then to your suggestion the market cap could go back to sub 10Million since we are now essentially in the same spot as 2020...Are we though? From my understanding tens of millions have been spend on drilling and studies, not to mention building connections and weighing of options. There now is a far larger defined resources and much better understanding of the possibilities.

So in reality HIO hasn't been run through the mill several times...In fact this is the first time. And unfortunately, they have run in to the worst market conditions since the GFC and for junior miners with massively increasing CAPEX cost it is possibly worse already then the GFC.

So your points about HIO seem quite unfair. You seem to follow a lot of stocks, so I am sure you are aware of the current conditions and their impact on junior miners, particularly those at the crucial time of needing finance. So I am also sure you realize there are currently perfectly good projects out there that are simply stuck due to those condition.

So why do you keep ignoring that? HIO never had a go at it. This is the first time. Its like a young bird attempting its first flight and getting hit by a tornado...Its performance in those condition says very little about its ability to fly.

Nor do the current struggles say much about HIO's viability or its management.