Morning all.
first a reality check. If I’d said a month ago that we’d be 60c+ in May, we would all have been delighted. It’s all relative.
when shares take a big fall the only question to ask yourself is; what’s changed? If nothing, or in HIO’s case, just a bit better (with confirmation of offtakes and BFS timing), then nothing to be concerned about. Just another buying opportunity.
if there is troubling news, then it’s time for a major rethink (something I didn’t do, when OXR bought Pasminco just for the $1b cash they needed, rather than a simple rights issue at $4, which would have been swamped).
long term, we’re looking just fine.
there are certainly questions around the pipeline (I hope they sub it out to a pipeline infrastructure trust; we can easily afford the $’s/t they would charge) and how long for a deep water port. There are thankfully alternatives (even Newcastle), while not ideal, will still work.
I’m still very comfortable letting our great management keep doing what they’ve been doing; brilliantly managing our project on the timeline they set.
this is and always was a 3-4 year play.
cheers,
ned.
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $22.36M |
Open | High | Low | Value | Volume |
2.1¢ | 2.3¢ | 2.1¢ | $43.53K | 1.995M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1998971 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 618527 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37000 | 0.023 |
1 | 1998971 | 0.022 |
6 | 294984 | 0.021 |
7 | 854490 | 0.020 |
10 | 2818522 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 496275 | 1 |
0.024 | 597210 | 3 |
0.025 | 202440 | 2 |
0.026 | 150000 | 1 |
0.027 | 654333 | 5 |
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