,@That Fundamental Guy I note your take that "If the information memorandum is positive, which the drill results to date indicate". How do you make that stipulation - based on what? I note the results confirmed a shallower area of ore but the %age of ore therein was terrible.. indicating another failed BFS the most likely outcome. Let me pose this question. If you did not currently hold this stock at a significant loss, would you "invest" in it, with the venture it likely not to be a viable development and production. HIO is not likely to get a partner unless there is an exceptional turnaround in the second half of the shallow drilling results, and can overcome some major infrastructure issues and ask yourself if all that is likely. So is there really likely to be an objective positive info memorandum?, or just more hype and bulldust which this co has become skilled at.
There have been a couple of very knowledgeable takes posted on this site and they were not the least optimistic. Might pay to revisit and check if the many weaknesses and threats in HIO's SWOT analysis can be overcome several months on from when they were published.
HIO Price at posting:
3.6¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)