Price and Chart HIO, page-6048

Buy side stacking up at almost 4-1. Entering an interesting period imo. Stock oversold but being held down by an impending credit raise. People holding off for the discount whilst others picking up the value whilst the market cap is at a ridiculous 80mill. The stock was sold down like the company was going bust, selling for far less than would be achieved by a take over valuation. Furthermore, it is interesting that 4 IPO’s I have been approached to subscribe to have been pulled due to a lack of funding in current economic climate. In my opinion there is nothing dead about the project, but merely a refinement to maximise chance of funding at an optimal cost point. (Our friends down the road are being forced to increase to find that sweet spot).

It is interesting people asking why directors aren’t buying in at this price. I’d be more interested in them taking up a full allotment during the credit raise to instil confidence amongst retail investors. Opinion not advise.