Nice article, thanks Multani58.
This is a very exciting stock for future wealth creation.
As a new investor to HIO and after reading the PFS I was wondering what had actually happened since the PFS in 2017 till now, but the article sheds some light on this.
I think that fact finder post re BRN that was shared here the other day is true, in that having faith and sticking to a plan is how we create real wealth and not always chasing the next shiney stock on the market.
Current market cap indicates that HIO
still has a few major hurdles to jump
over the next 2 years, but the large instos
normally onboard once a project is further derisked.
A good example for me was KAR becoming an oil producer. It was hovering around 40-50c and heavily shorted for ages all because the market didn't believe the acquisition would go through
and that management had the goods.
It is now close to $2 and glad I still hold it in our SMSF.
I must have bought and sold it 30-40 times outside our SMSF on the way up and lesson learnt is that if I had of just held it all the way I would have made 3 x the net profit taking into account tax considerations.
I won't make the same mistake with HIO.
Hold and Add !!
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