Australia's largest stock trading and investment forum Australia's #1 stock forum

HCO

1.79%

5.5¢ hylea metals limited

Ann: Drilling Commences at Hylea Cobalt Project, page-60

First 60 Last

Share
Profile

Follow
unlucky_bacs

2,470 Posts.

11

14/06/18

13:37

Post #: 33709585
Share

Originally posted by kellbys ↑

unlucky_bacs,

I feel for you matey. We've all held those stocks at one time that break us. However I'm confident because management is confident. I don't rely on luck when investing. Have done my due diligence before investing. There was a number of positive things that made this stock stand out from the crowd for me when i was considering investing.

1/ Company has $1.5 Million in cash at bank.

2/ Top 20 hold 80% of stock. ( thats almost unheard of )

3/ 1 Billion shares are held in escrow until May 2019 and can't be traded.

4/ Known resource is close to surface.

5/ Location. Next door to CLQ and AUZ is about as good as you can get.

6/ We have the right geology to host Cobalt. The laterite sequence hosts cobalt – nickel – platinum and scandium mineralisation consistent with the nearby Sunrise (CleanTeq), Flemington (Australian Mines) and Owendale (Platina Resources) resources.

7/ Theres a lot of upside that may surprise many. Hylea has received comparably very little exploration, which principally targeted platinum, nickel and vermiculite but not cobalt.

8/ Historical drilling has confirmed high grade Cobalt close to surface over significant widths.
Results such as 7m at 0.32% cobalt, including 1m @ 0.64% Co (hole HRC007) and 8m at 0.27% cobalt, including 1m @ 0.85% Co (hole HRC003).

9/ Along with high grade Cobalt we have potential for other minerals including Scandium, Nickel and Platinum.

10/ Current drilling campaign has confirmed Laterite intersected in all of the first 13 holes drilled as at 14/5/18.

11/ HCO MC is only $22 Million, compared to AUZ with a MC of $260 Million and CLQ with MC of $780 Million. HCO has plenty of room to significantly rerate on positive high grade Cobalt results.

12/ Assay results are less than a week away and drilling is progressing with 50 hole drilling campaign nearing completion in late June.

13/ Significant news flow expected in coming weeks and months to support continued rerate of share price and interest in stock.

Expand

no volume... geez mate - hold me up guys starting to get real nervy here.
Can't sell the car for the scooter yet but this is getting real nervy for me boys. Had a few sips of wisky feeling light headed!!! come on give me some news guys - The weekend is a too far away

HCO Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

STP

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

There are more pages in this discussion • 3 more messages in this thread...

First 60 Last

Add HCO (ASX) to my watchlist

Ann: Drilling Commences at Hylea Cobalt Project, page-60

Top Stories

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Radiopharm extends radioimmunotherapy trial to 5 more cancer types