HIO 0.00% 2.0¢ hawsons iron ltd

Nice article, thanks Multani58.This is a very exciting stock for...

  1. 1,554 Posts.
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    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 !!
    Last edited by Tymmsy: 22/01/22
 
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Mkt cap ! $20.33M
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2.2¢ 2.2¢ 2.0¢ $2.247K 106.5K

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15 3000752 2.0¢
 

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2.1¢ 285543 3
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