HLX 0.00% 0.4¢ helix resources limited

Fair point, a couple of 10 meters in this one andthough limited...

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  1. 4,874 Posts.
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    Fair point, a couple of 10 meters in this one and

    though limited widths 10% copper is getting there?!

    Add the appearance of increased zn, au may show

    getting closer. The linkage continuity in central zone,

    all positives. We may though be only a quarter / third

    along this system?. We do not know - why?

    The extra $900K for Collerina has been fritters away

    with the weather excuse, poor ( if looked to the weather events they are few ). Poor management

    in both a logistic sense and a business sense.

    A few reasons as to why.

    1. The cobar region is " hot " at present Helix is

    in the center of this action which should see us

    taking dynamic action to build momentum.

    2. Careful use of share holders funds is fine but

    business as usual in this environment is flawed

    as momentum, investor interest, marketing ( particularly with the $900 K addition assigned to

    Helix main focus Collerina ).

    3. Lack of follow through to Yathella 7kms

    from Collerina and other potential close satellites,

    is poor management, for the initial above region.

    4. Leaving a number of potential winners " hanging in limbo " - Collerina looks like hanging around now

    after the MD promoted a JORC by end of 2018!

    Cobar gold 100000 AU oz inferred with promises to

    follow up on the latest drilling within the new outstanding results - nil follow up. The reason

    Collerina!! Gold price $1800 aud.

    Mundarlo not a whimper.

    5. The MD has been with Helix so long 20+ years

    during this time multiple  millions has been invested

    and yet with all this " promise " the share price is below 3 cents at a discraceful MC of $11 million!

    6. The marketing, promotion is atrocious.

    Creases piece in stocked 18 months ago was a highlight ( needed a major shareholder to step up here ).

    The website is dated and as the ONLY marketing tool

    besides ASX they cannot have respect to share holders and prospective investors to keep it up to date. In particular the important change to the Cobar Gold JV now 100% Helix. Makes a material difference

    any potential corporate action, particularly with Gold

    at $1800.


    Surely serious  questions needed to be asked here.

    As it stands it could be sub 3 cents a decade from

    now.


    JMO


    Cheers


 
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