We should be able to figure out the profits per kg looking through the cost of feedstock etc in latest financials (I haven't yet on latest figures as haven't had chance yet - but still have confidence in HAZ, I would be looking at their financials more if I felt uneasy, but with HAZ I feel confident in their ability and their strategic finance deal with a big player in the Ferrotungsten industry). The higher the SP goes to my target and them reaching maximum capacity... the closer I will begin looking at their figures to decide if target SP will be met or to sell off sooner, but for now I am confident in them.
Wogan would not be entering a funding arrangement with a company they did not feel would perform and be able to pay back the money. And who else to make a better assessment on a company in the Ferrotungsten industry, Wogan clearly know this industry well, and foresee future performance.
HAZ Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
