HRR 1.69% 5.8¢ heron resources limited

Uncharted territory. Worst case at $0.395, page-11

  1. 685 Posts.
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    Agree, I'm seeing the same timeline. "Insto skeptism" will largely be around the running cost per the other post.

    Fundamentaly, I think everyone is convinced by now that there is fantastic ore in the ground. The focus is on how well this company can run i.e. how much we take off the EBITDA amount to get the Net earnings. I'm also factoring in some machinery teething issues into the cake just to temper some of the resulting earnings...

    I for one would like to see solid organic growth in the company in the coming years. So we will need to sink some of that earnings $ into CAPEX. If not under Woodlawn itself then into the geographically very near satellite projects... Currawang probably. I will need to see the board show leadership in this for the sake of growth and the premium it can bring HRR.

    Technically I still have some reservations though. Have we really shaken off the sellers or have we now formed a strong base of longs? To gauge this, I'm paying close attention to the strong $0.80+ resistance level and how the SP handles it.

    GLTA
    Last edited by Exised: 08/10/18
 
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