HRR - Updated NPV calculation, page-111

I called it on the 28/04/2018 that Herron will trend down towards the higher end of the 50 cent range and yet here we are with people still recommending it as buy when it was a sell a month ago and still is a sell.

The chart looks absolutely horrendous making a new 52 week low at 55 cents on low volume. What your currently looking at is what’s called a low volume pullback, it can mean one of two things, that the sharpeice is beginning to consolidate at new major support levels or continue the downtrend as major support has already been broken and longer term investors don’t see value adding to their positions at a lower price given the risk to decrease the cost basis of their overall long positions, making larger holders more likely to slowly sell and allocate capital elsewhere.

What’s also typical in the construction phase of all mines is that the shareprice does tend to stagnate / trend down given the added risks attributed to costs, debt funding, timelines and commodity prices.