HAR 10.9% 4.9¢ haranga resources limited.

Well perhaps there is something else planned for the company...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 669 Posts.
    lightbulb Created with Sketch. 24
    Well perhaps there is something else planned for the company apart from their current assets. The Lippo Group is enormous and have very deep pockets. There have been a couple of board changes this year already with the addition of Lippo Group members, one who has the following blurb about him in a company announcement
    Column 1
    0 In total, Mr. Lo has ten years’ experience in mining, management and technology, securing mining licenses, settling of government and social affairs; purchasing land; exploration; production; processing; logistics and export affairs.

    So, Prospector, if they get some better assets then maybe fortunes will change, but as for infrastructure, they'd need to build a mine and a rail spur in Mongolia which wouldn't come cheap
    As i have said before, assumptions in past presentations are a little optimistic but things could turn around

    See page 23 of report released on 18/2/14.
    Cash costs above current spot prices of iron ore. NPV used assumption of US$131.5 per tonne sale price (fat chance) and cash costs are based on 3mtpa. Recent agreement suggests capacity for 1mtpa on the rail sprur from 2020.
    So if someone was happy to tip in 500 million for nothing they still wouldnt make a dime.

    I'll leave this one alone now but if you want to take a punt on the iron ore price recovering even a little bit, perhaps a large miner like FMG or AGO where large gains could be realised there.
    Supply side is still gorwing and demand still weakening however! ...
    All IMO DYOR blah blah blah..​
 
watchlist Created with Sketch. Add HAR (ASX) to my watchlist
(20min delay)
Last
4.9¢
Change
-0.006(10.9%)
Mkt cap ! $2.954M
Open High Low Value Volume
4.9¢ 4.9¢ 4.9¢ $1.225K 25K

Buyers (Bids)

No. Vol. Price($)
1 944 4.9¢
 

Sellers (Offers)

Price($) Vol. No.
5.0¢ 55597 1
View Market Depth
Last trade - 15.48pm 18/11/2024 (20 minute delay) ?
HAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.