Price and Chart HIO, page-256

I can see you start confusing and complicating things yourself again. You asked this same kind of question just a few weeks ago at 10c and look at where it is today.

If you believe it deserves a MC/NPV of around 20% like most mining projects at similar stage like HIO is in now, and a MC/NPV of around 30% after off-takes and more financing deals, then keep adding more and more shares whenever you can. That is exactly what I have been doing.

Those who sold today at 17.5-18c in the morning must have rocks in their heads. How could they not see around 16mil shares had already been sold over the previous 2 days at 17c-18c? In fact I did mention about it yesterday afternoon. That should give them very clear signal that sp was about to go up as sellers have exhausted their shares to sell. AND so it did.

Equally, don't you see around 16mil shares have been sold on ASX and Chi-X today at VWAP (Volume Weighted Average Price) of 19c and don't you see 19.5c sell orders kept being snapped up every time it is on offer? I take it as very strong and positive signal for sp movement next week.

The bottom line is Hawsons project is the best iron ore project in the world right now and it will attract a major league of international customers and big investors and possibly predators to it.


Current SP TARGET at 20% MC/NPV = $3.93.

12-month SP TARGET at 30% MC/NPV = $5.40.