As mentioned in my post yesterday, this morning I met up with Mike Rosenstreich and Charles Whitfield (not Garry Plowman as eluded to in my earlier post) for a private meeting with four other shareholders. So a very intimate and informal catch up and they were very generous with their time giving us around an hour and a half. HXG management has done a very good job communicating this story to the market so I was interested to see what more, if anything, I could get from the meeting.
My first observation would be that these guys are impressive and have the right mix of skills to drive this story forward. But for me the added value I got out of this meeting was witnessing the obvious concentrated focus management has in ensuring the right targeting of the end user market fully unlocks the true value of this quality resource. This is what will set HXG apart from the others.
In addition, MinRes is clearly well into its feasibility study and while there is a legal deadline of Oct 2019 the expectation is this could be completed by Q2. For those asking about Halls Creek, while not forgotten this is back of mind but certainly a JV could be the right solution here. It actually sounds quite promising.
In summary, I think it would be disrespectful of me if I was to throw out a whole bunch of quotes from what was a closed meeting but I'll close in saying I genuinely believe this company has something special. Yes I was a big believer before today's meeting but today has just cemented for me all the things I hoped this company can become.
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2 | 147000 | 0.022 |
5 | 1217500 | 0.020 |
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Price($) | Vol. | No. |
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0.026 | 289259 | 4 |
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