@xbayrockx - I will accept that I was concerned about the pace...

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    @xbayrockx - I will accept that I was concerned about the pace of the increase in the share price leading up to Monday and Tuesday itself. Not because I thought the price got above a reasonable value, but because of the volatility that it creates. A slow and stable growth in the share price produces confidence. Fluctuations like recently create the perception of risk - even if it does not exist in the underlying project.

    Putting aside the pace at which things happened (I also popped out for lunch and saw different numbers when I came back) - even if I had the time I would not recommend to anyone to hold off buying because I thought it was going up too quick and it might pull back. The reason for this is because I have been wrong many times before. Both in terms of buying when I thought it would keep going up and thinking it would pull back when it keeps going up.

    To put an opposing question to you. What if I had said "I think the price is going up too quick and it will go down quickly soon" and you didn't buy because of my post - but the share price kept increasing to $1.20 (which I thought was possible and from memory others had posted the charts indicated) or possibly even $1.50. Would you then be disappointed and frustrated because I warned you against buying and you didn't buy more.

    Anyone that has been investing in the share market for some time will tell you stories of when they bought at the top and it went down or sold out at 5 times and it went to 50. Unfortunately the lessons we learn are sometimes costly. But if you learn from it and how to invest based on what your circumstances and preferences are, you will be better for it.

    To give you an example, I supported the capital raise at 15 cents thinking that represented great value - a fully unwritten capital raise for a fully funded BFS was a significant de-risking event in my mind. Shortly afterwards, the price drops and is trading around 50% of what I just paid. All of the experience I had from all the mistakes and missed opportunities over the years, gave me the confidence to say "if I thought it was great value at 15 cents, its outstanding value at less than eight cents, lets buy some more" and I did.

    Hope that helps and if you think you made a mistake or could have done things differently yesterday, learn from that and your knowledge will help make you make better decisions.
 
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(20min delay)
Last
2.1¢
Change
0.002(10.5%)
Mkt cap ! $21.34M
Open High Low Value Volume
1.9¢ 2.1¢ 1.9¢ $22.49K 1.126M

Buyers (Bids)

No. Vol. Price($)
1 61877 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 393755 4
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Last trade - 16.10pm 04/07/2025 (20 minute delay) ?
HIO (ASX) Chart
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