HHR 14.3% 0.6¢ hartshead resources nl

So....let me get this straight. * We're currently trading at...

  1. 19,172 Posts.
    lightbulb Created with Sketch. 1838
    So....let me get this straight.

    * We're currently trading at 5.6c - 5.7c.
    * We have $13.4 million dollars cash in the bank which equates to 5.2c per share.

    * We have a drilling Company poised, ready to give us $26 million worth of drilling, but only if Damon gets another $26 million via a deal.

    If Damon does bed down a deal, we will instantly have a minimum market cap of:

    $13.4 + $26 + $26 = $65.4 mill or.....25c per share.
    (also assumes zero value on assets)

    You then have to ask yourself:

    "What is the risk versus reward here?"
    "What is the likelihood that Damon will bed down a deal?"
    "Does he have a history of getting them?"

    In my opinion, as we are cash backed the risk to the downside is virtually zero and given Damon's known capabilities and the potential of a virtually INSTANT "5 bagger", I simply cannot believe that that sell list is not being absolutely chomped, like Jaws.
 
watchlist Created with Sketch. Add HHR (ASX) to my watchlist
(20min delay)
Last
0.6¢
Change
-0.001(14.3%)
Mkt cap ! $16.85M
Open High Low Value Volume
0.6¢ 0.6¢ 0.6¢ $10.50K 1.750M

Buyers (Bids)

No. Vol. Price($)
24 14415381 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 8291957 13
View Market Depth
Last trade - 15.47pm 02/08/2024 (20 minute delay) ?
HHR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.