"I can't see approvals being a problem...It's located in an industrial area nowhere near residential housing. Steelworks just up the road...has been on 3 shifts forever. Wollongong is an industrial town...despite it's great scenery, beaches and cosmopolitan lifestyle."
Excellent rrobbo ! ..... Thanks for sharing !
"I'm excited...but I've seen HMC run before and retrace...I think this time is different though. Lets hope so for all longs."
Agree! Fundamentals are much stronger this time around with more revenue streams, growth prospects beyond approval limits being lifted through a secondary battery recycling plant, expansion of the selenium business along with the proposed copper sulphide venture which will utilise the Unanderra EAF dust facilities. Who knows, we may even be able to test the old highs within the decade ! ;) ......
"And they just lost the selenium deal, but who knows what that will cost them. They say they have more selenium contracts, but give no details."
G'day hobbytrader, I'm assuming you meant the EAF dust division contract with smorgon? I'm not that concerned considering it only represents around 15% of the company's revenue. Can't see it having much of an impact myself and with a bit of luck the planned copper sulphide project will more than compensate.
From the update.....
We will pursue other identified opportunities available for our Unanderra facilities capable of generating higher revenue and profit contribution than the EAF dust project including :
- Processing a new copper feed through the zinc plant to produce copper sulphate.
- Further upgrade our lead product stream from the battery recycling plant to produce better quality and cleaner feed to smelters
- Trial processing of alternative zinc feed to retain our established position in the Zinc Sulphate market.
Cheers, xmagx
HMC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
