An interesting dynamic is playing out. The fundamentals of funding the project has changed, causing a strategic review on the feasibility of a large cap ex start. However the fundamentals of the resource have also changed, in fact they have improved with a resource that will now extend the life of mine to 40 years plus with a 10mtpa or less. As a long term holder 6 months ago people would have done almost anything for the opportunity to get in at these prices again. With Inflation stalling in America for the first time in months and increasing prices of mining products access the board the ability to find finance will also increase. Is the product we have in the ground worth more than the current market cap? Is there demand for it? Is there a viable option to use existing infrastructure to get the mine going? Has h threat of a hostile takeover increased and if so at what value do they see the iron in the ground? certainly everything has been delayed, but if you believe in the value of the commodity than this is an extremely interesting time.
not financial advice.
HIO Price at posting:
10.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)