Expect a drop today after a pretty negative announcement. Very much a “everything is uncertain in the world “ higher costs / interest rates & low iron ore price so we aren’t progressing as fast” but no commitment to when or what they are going to do. Hence , worst case is we are running out of money and won’t be able to raise more.
My take is anyone looking for a quick buck by Xmas will be selling today or tomorrow. Announcement needed to give a bit more around, “we have this much cash to get ……. done and expect to delay BFS till ……. In the meantime we will continue to monitor and review our position “
HIO Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
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