HOR 0.00% 0.9¢ horseshoe metals limited

2017 Outlook, page-117

  1. 595 Posts.
    lightbulb Created with Sketch. 6
    I would guess 100% MF supporters are in the Top 20......you have to say that they are supporters because the stock has been so disappointing in the last 2 years.
    (new entrants, Dir from EGS, BIL, plus a couple of next door neighbors in Balcatta)

    The bit that gets me excited is the tightening of the register, particularly in the last 3 months, the "free float" reduction will significantly enhance any upside (when it happens).

    As far a RNI is concerned, I think MF has simply dealt himself into the game, however, he has just raised $25 million at EGS and has board representation via BB, so he will have access to some bullets if required.

    The dramatic fall inthe trading volume of HOR, over the last 2 weeks, on the back of who has recently been buying smells significantly like a "black out period".

    Cheers
 
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