HRE was a REE focused company with assets in WA and DRC. That seems to have fizzled for HRE, mainly potentially uneconomic and that REE was no longer the metal of the year
Havilah Resources (ASX: HAV Mktcap 56mil) held the 3 leases with potential uranium and close to Boss's Honeymoon/Jason uranium sites.
HRE (mktcap 7.9mil) acquired the 3 leases from HAV in October 2024 (uranium earn-in rights on non-core assets with ASX: KOB and HRE for $3 million)
HAV also did a similar deal with ASX: KOB Mktcap 6mil for leases with U potential in South Australia (uranium earn-in rights on non-core assets with ASX: KOB for $6 million)
Now, in my humble opinion, you would think Boss would have already looked at these leases or been offered the leases by HAV. Boss has no real material holdings in the 3 companies (from examining the top 20 shareholder listings)
Remember that Boss made the Encore purchase followed by the Laramide investments.
You would think a smart Boss board would have looked/researched at neighbouring leases up for grabs right next door to Honeymoon/Jason?? probably, hence why I will not be investing anything in HRE or KOB.
Just my opinion/musing only.
BOE Price at posting:
$3.98 Sentiment: Buy Disclosure: Held
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