sorry mixed that up. just wanted to say great post @jeffbezosbro- take a look at the big picture.
HVY appears to be much better managed than RDG the mine on the other side of the GMA mine. RDG screwed up by scrimping on their plant so it didn't wash right, also - but despite their poor management, in Nov 2022 - not a particularly bullish time in the asx -as RDG headed into first production the market gave them a market cap of A$ 200 million . - unfortunately for them, they messed up and now 2.5 years later are still trying to fix things at the plant- and still they have a market cap of A$40 million.- Yet HVY which so far has stayed under budget and on schedule and with just 70 mill shares out still only have an A$17 mill MC??.
HVY IMO also have better managers and engineers, a far better corporate structure, and from their ss, HVY appear to be going to install a much more suitable and bigger plant .Plus , very importantly Aaron - the main sales guy from GMA the current leader in the Garnet sales has just moved over to join HVY.
So if RDG got an A$ 200 mill MC prior to their first production - it would strike me that HVY should get just as high or a higher MC before their production starts in around 2 years. An A$200 mill mc with just 70 mill shares issued implies around A$2.85. - so there's still an easy ten bagger in HVY from here IMO.
I'm a member of 2portfolios.com a very successful stock picking and information-sharing club - They called HVY at 5 cents as i posted before - and there has been some tremendous research on their ** platform - today there was this simple post from oneof their member sabout this very issue which ill re-post here . This on belwo was called RDG stock market in pictures. the one above was called HVY stock price in pictures.
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HVY
heavy minerals limited
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30.5¢

sorry mixed that up. just wanted to say great post...
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Last
30.5¢ |
Change
0.015(5.17%) |
Mkt cap ! $20.60M |
Open | High | Low | Value | Volume |
30.0¢ | 30.5¢ | 30.0¢ | $1.743K | 5.719K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9836 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 11560 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9836 | 0.305 |
1 | 3022 | 0.300 |
1 | 1724 | 0.295 |
1 | 22631 | 0.290 |
1 | 3854 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 11560 | 2 |
0.340 | 55000 | 2 |
0.380 | 35000 | 1 |
0.400 | 5000 | 1 |
0.000 | 0 | 0 |
Last trade - 13.26pm 23/06/2025 (20 minute delay) ? |
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HVY (ASX) Chart |