Regal --our old mate-- is sending news out through 'Wayne'.. ( this excerpt today from my inbox.. )
• Phil King of Regal was in earlier in the week with his view of the world, it’s getting some airtime in the AFR today with their view similar to our own… “Miners aren’t investing in new supply like last time [prices were this high] but are instead returning excess cash to shareholders,” .. “It’s getting harder to get new mines approved and it’s getting harder to mine at the same price due to deeper deposits and lower grades. Commodity prices could surprise over the next 10 years.”
Anybody's guess what it really means for HIO..anything?-maybe nothing --speculation welcome--all FYI....
HIO Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
