HIO has cut through all supports like they barely exist, the...

HIO has cut through all supports like they barely exist, the break of 4.8/5.0 was particularly brutal and opens up shell valuation,. You could argue $30 mill mkt cap is already shell valuation for a vehicle that owns a $100 bn iron ore bonanza deposit , but zero is the "potential" target (it won't happen for mine). Back above 5 cents and maybe the asset is attracting some interest

Regal continues to sell, some confusion given Regal uses multiple prime brokers, but bottom line is despite some hopes (by me) they continue to sell ,and have at least 30 million shares left (sold 750k y/day) . And management has walked away from the asset in every sense of the word., never seen a vehicle abandoned quite like this . Bryan Granzien is not someone you want in your trench when the going gets tough, he will just sod off