HRR
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1.69% 5.8¢ heron resources limited

I am heavily committed to HRR, but there are some issues here....

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  1. boughtearly
    368 Posts.
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    03/08/17
    19:50
    Post #: 26277075
    I am heavily committed to HRR, but there are some issues here. Woodlawn was valued at $300mill just 12 months ago. 2.5billion shares at 7c makes a market cap of $175 million. Add cash, and it is well over $200mill. If a great success reaches 65% of its IGV, then we are capped out. If 2.5 billion shares were worth 25c each, the company would have a cap of $625,000,000. Are my numbers correct?
    HRR Price at posting: 7.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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