Whoa, that's a huge assumption, but ok.. Regal owns around 140 companies on the ASX, they are an active manager and do take views on things, so eitherway what their view on HIO matters given their 10.1% holding. I think they sold some through Citi at 5.0 cents on 20 March, they haven't sold a thing since .
I like the clean iron Ore / commodity story for 2023/24, and I do see support 5 cents, but HIO not out of the woods until a clear push back above 6.0 cents.
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