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Ann: More High Grade Copper Intercepts at Collerina, page-9

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11up

4,874 Posts.

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10/01/19

16:49

Post #: 37083179
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Originally posted by 11up ↑

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

A

Expand

Apologies , working on new mobile, re spellcheck
etc.
Main change - Creasy's Stock head promotion, 18 months ago.
The only real, effective promotion in this time.
Time to really lift the professionalism of Helix to
create share holder value!

GLA

Cheers

HLX Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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Ann: More High Grade Copper Intercepts at Collerina, page-9

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