Almost seemed like a little bit of FOMO kicking in last this afternoon (and I do acknowledge only a little bit of FOMO given volume was not great).
The next trading day will be in October and we will see what news that month brings.
Bryan has said that we can expect the investor information memorandum in October. I would not expect the board to be moving towards producing this document unless the project economics stacked up – therefore I assume that the project economics are viable and investable. Based on past experience, I would not be expecting this in the first week of October, but am expecting it by the end of October.
As I noted above, the Interim Executive Chair was announced as an interim measure. I would therefore expect to see it resolved prior to the AGM. The AGM has been announced for the end of November, so therefore good chance we will see some movement here this month. This would be another step in rebuilding the confidence in the board.
The board may also try and make some other positive announcements before the AGM, but might save some for November rather than rush something for this month.
We will see how well my post at the start of this thread has aged by the end of October!
HIO Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
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