Thanks for your informative quote. I would have responded sooner...but don't look at the thread that much (along with most people). Regards the finance I have copied an extract from the December Half Year report:
Secondary lead smelter progress Equipment selection completed and quotations accepted. Building design and associated works underway. Share Purchase Plan completed in December raising $2.150 million. Other private placements proceeding. Institutional finance to be completed February 2010. Final funding will comprise : o SPP funds. o Private placement funds. o Institutional finance. o Funds from operations. Commissioning by December quarter 2010.
Finance to be completed by Fenruary. We've heard nothing different so assume it's in place. Lets hope so.
I agree 100% with you. We need solid, consistent earnings over a few years, with dividends for this company's share price to fire. If it can do that we should at least back around 10 cents.
HMC Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
