There are forces at work here that may sent the share price...

There are forces at work here that may sent the share price substantially higher.

First the price of nickel is on the rise. It just took banning of unprocessed ore from Indonesia to change sentiment.

Second, this together with the immenent release of the scoping study cod be the catalyst for a re-rating of the stock. This could be the sentiment changer.

Third, the GCR placement is supportive and compliments the TRO merger.

Fourth, the merger with TRO albeit not being a merger but a takeover, despite financed by up to 40% more than it should have been because of the incompetence of current Heron management to keep the Heron share price above cash backing, is positive.

Not only we get 2 of TRO's management to join Heron - and should be given the benefit of the doubt to produce - but their projects could be beneficial.

CAVEAT - scoping study sentiment change rerating dynamic management from TRO (under benefit if the doubt)