There is serious money to be made with HIO, its just a matter of...

There is serious money to be made with HIO, its just a matter of getting the timing right to reflect the new realities and I'm of the opinion it will eventually be a Disallowed for sure. But lets be honest about the current situation instead of looking in the rear view mirror, management were correct to put put HIO on the rapid development trajectory it was on... but the world has now changed radically since the beginning of the year:

• The Chinese property pyramid scheme has popped and the CCP has put up the funds to complete the already paid for projects a second time to cool investor outrage that triggered a massive mortgage strike. However yet again, the bankrupt developers are using the money to prop up their businesses and hire casuals to make it look like its all go... until the govt inspectors have gone, then projects go back to a complete standstill. The worst project of all is Xi's own vanity city outside Beijing, no one wants to move there
• The Chinese property sector is F*d and mum and dad investors know it, so massive steel demand for the sector is tapering off and unlikely to return anytime soon
• Xi has gone mad and is turning the country socialist, thinking if he cuts down or locks up the tall poppy entrepreneur billionaires, their companies will continue without them and be able to pay remaing staff more and they will do even better..... yep, good luck with that, eventually they will pretend to work and the eventually state owned company will pretend to pay them as they become CCP Gov't departments riddled with corruption
• The belt and road initiative and high speed rail networks are both financial disaster or a trillion $ scale
• International companies and talent are fleeing in droves
• They have pi**ed off the yanks who keep order on the high seas with 10x the naval power off all other countries, including them, combined, who now don't give a dam that they rely on safe passage for their international trade. They have cut off all the hands that feed them and are now in for tough times as the middle east becomes a tinderbox ready to explode without Russia and thje USA willing or able to keep order. The US is the largest oil producer and no longer need Arab oil nor gas, yet China will shut down without it yet is unable to project naval power far enough to protect the tanker choke points
• Ditto Putin who has created inflation on a world scale that will dampen demand and drive up interest rates and lending standards
• The middle east cheap gas, used to pelletise ore, price has trippled .... so mills now either need subsidies or will go out of business as gas suppliers cash into Europes now insatiable demand as Russian pipelines are now turned off and will freeze all the way back to Siberia .. it will take a decade and western tech to rehabilitate the damaged system
• Steel co's in Asia and Europe are financial dead mills walking as they have neither cheap gas or coal plus face the double whammy of electricty shortages in many cases
• Countries like the USA with both gas, coal and iron ore will boom....as would Australia.... if it ever got smart

So suddenly HIO wont be able to raise capital without significant dilution, anytime soon, and is putting the brakes on cash burn via the plethora of consultants they rightly engaged when it was prudent to be full speed ahead. However, as we all know, the underlying project is outstanding, so a suitor, joint venture partner or the likes could well appear as the IO price flounders for the reasons above... so I'm gonna buy any big dips and worst case scenario, is that better conditions should re-appear in a few years.