Hi all, I decided to hit the bullet yesterday and get out, even though my longer term view is that HIG should out-perform.
Unlike Miningnut I'm of the view that Nong River exploration (which I think we all agree is the real upside benefit of HIG for the coming months) will not be happening so soon based on the quarterly commentary, and if there is any continuing weakness in gold and copper over the coming week or so we may find that HIG's share price will continue to slide along with all its peers.
That isn't to say that its not a great stock for the longer term but my view is why hold when I can probably get it back later for a cheaper price.
I will continue to monitor the outlook for copper/gold stocks as most are coming off fairly markedly with the media commentary about increasing copper stockpiles, whether its a red herring or not!
Good luck to all holders.
HIG Price at posting:
30.0¢ Sentiment: LT Buy Disclosure: Not Held
