Copper is going bananas. SVY has gone backwards as well but a lot early than HCH. They have great coverage from Euroz Hartleys, the project in Victoria, and great Chairman Chris Cairns ex Integra Resources.
From speaking to one big broking house in WA you cant have a drilling company you own providing all the drilling to a company that's ASX listed and be the Chairman. Its not a good look.
Even the slight look of conflict of interest will have big money avoid the story.
It's not the only reason but think will benefit the stock in the short to medium term, Sandfire Resources did the same when it transitioned from Explorer to the producer, we are not there yet but think it best to show the market that we are growing and preparing for the future.
I value your thoughts and banter
Looks like that seller is back again always drops the stock around 12pm - 1pm Perth time. Maybe they drop after they come back from lunch in Sydney ??
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