I appreciate your posts MM. I also acknowledge the success the...

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mote

47 Posts.

19/07/17

19:40

Post #: 25966092
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Originally posted by miningmad ↑

I'm not sure how you expected the venture to be funded arsenic.
It's easy to be the armchair critic; much harder to be in the decision maker's seat.
Small investors need to remember they are just that - usually they buy, hopeful of a quick multi-bag return before moving to the next play. When they get stuck in a stock, the blame game starts.
Ian Buchhorn saw the potential of Woodlawn as CEO at merger time; you can't put him in the same basket as the speculators.
The majority of small mining stocks come to nothing; Heron is on the verge of production.
This is a genuine team trying to build something - not too many new mines get up and running each year.
I give them credit for reaching this stage - raising 8x your market cap is an achievement in anyone's language.
If it were done with less equity, there would be more loans, and that's a riskier game.
As for today's grades, 7.5% plus Zn grades are brilliant on their own, let alone the credits.
Finally, the $207 mill NPV was based on the starter case; it's all upside from there, and that's why results like today's are significant.
Anyway, wasting my breath - no-one here seems to see anything but negatives.

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I appreciate your posts MM. I also acknowledge the success the team has enjoyed in getting the project this far. I believe HRR will rerate once formalities are dealt with

Lots of folks are frustrated and disgruntled because of the project delays and snafus. The lowball cap raise spooked people too. Resource stocks are more sentiment driven than most. Feelings are still raw

Last edited by mote: 19/07/17

HRR Price at posting: 7.3¢ Sentiment: None Disclosure: Held
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I appreciate your posts MM. I also acknowledge the success the...

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