On your holding @Byron of 3.3m shares you have dropped roughly $40k since early December. If you sell now you crystallize that loss.
Bad news/rumours are lining up against HHR right now. Low gas prices, politics, no FDP/FID uncertainty around RR and Shells view of the world etc.etc.
IMO HHR are on a knifes edge. Much of what is happening is actually out of their hands. This situation won't drag out much longer. It will break one way or another.
So in the short term you are basically risking $40k (at 1.2) to potentially reduce your losses by $40k (at 2.4).
It's a coin toss @Byron. For myself I am holding but not buying more.
I would personally love to see a handover of operatorship to RR and a confirmation from RR that they are committed to acheiving FDP/FID. Simply RR have the resources and influence to accelerate this project.
Best of luck whatever you choose @Byron
Q1 - 2024, page-282
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Last
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Change
0.000(0.00%) |
Mkt cap ! $19.66M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $33.74K | 4.906M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 16199178 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 2425135 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
| 0.7¢ | 0.7¢ | 0.7¢ | 524688 | ||
| Last updated 13.25pm 24/05/2024 ? | |||||
| HHR (ASX) Chart |