Keeping your eye on the prize

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