It was interesting to see a large off-market transfer go through yesterday....ie circa 460k at 40c. I'm sure most aren't watching as closely as I so I can let you know a bid for 500k came up at 0.39c and then a while later the transaction went through.
I would love to know the background but I'm guessing the buyer is an insider and the seller is a frustrated long term holder.....I'll be watching for any change in substantial holdings notifications over the next few days which may shed some light.
I just want to remind SH's of a couple of recent CEO comments:-
1. "We will be increasing the resource as quickly as possible" Very much on track IMO
2. "Our objective is to develop a standalone mining operation" They wish to do this via tolling contracts with other mills in the region thus eliminating the need for large cap-ex funding which is a positive.
As soon as they have proven this company can make money we can look forward to a sale to a large regional player or a merger with an aggressive neighbour to obtain great synergies including for HRN SH's improved market liquidity.
Yes this may take 12-24mths to play out but the rewards will be there......just hold and be patient....if its good enough for Warren Buffet its good enough for me!
DYOR GLTAH
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Last
48.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $75.25M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 45837 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 54939 | 1 |
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| Last trade - 16.21pm 07/08/2025 (20 minute delay) ? |
| HRN (ASX) Chart |
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