Just to add some balance to the HLX debate:- I do believe that...

Just to add some balance to the HLX debate:

- I do believe that HLX will be doing a capital raise soon - the pricing is unfortunate however management can't control the price at which the raises are done  

- someone keeping the price down - another conspiracy theory, they are total nonsense!

- I don't think SFR would have any interest in HLX - HLX are too small and inconsequential for SFR

- small exploration co's live and die depending on drill results - no meaningful drilling success, they drift into oblivion. Hit paydirt, the share price rockets higher and everyone's happy. It's not rocket science - if you don't like the risk profile (and the very real prospect that your exploration play will languish sometimes for decades without any meaningful success), well then don't invest in specky exploration co's. 

- its not managements fault if the don't hit paydirt, it's risky and 99% of exploration co's never hit sustainable commercial paydirt!

- I think HLX management is doing OK with successes including (i) securing excellent ground in Cobar district (ii) success at Collerina (iii) successful farmout of Chile properties so others spend the $ and HLX retains upside exposure (iv) relatively low admin spend vrs drill spend - refer quarterly cashflow reports and (v) recently recruited Peter Lester as non exec Chairman.

- I'm certainly much more comfortable with HLX, run by mining stalwarts rather than many of the other listed exploration plays who never drill a hole, run by ex politicians, financiers etc. Many of these co's have billions of shares on issue!

- I remain of the view that HLX presents a very favourable risk/reward profile based on its current market cap vrs its market position/assets

DYOR