That's a fair question ktex7 and I'll give you an honest...

That's a fair question ktex7 and I'll give you an honest answer.

With the share price at an all time low, I decided to look again at HIO with a positive attitute to see if there was an investment case. A long while back I stated here that they should focus on a 5mtpa start-up to minimise the initial capex, more or less along the lines of the 2017 pfs.

But then they roll out the grand plans for 20mtpa, everyone gets excited at the huge possibilities, plugged by all (where's Tran these days?). Then money wasted, strategic review crap and now aim to fund an 11mtpa BFS by end of next year!

It's management. They are a complete failure and just pulling a salary for as long as possible until even the most die-hard holder gives up.

Sorry to be so negative but I get pissed off with these lifestyle companies going nowhere.

BLU is another one. All talk for the last 10 years, still no production.