Ann: Quarterly Activities and Cashflow Report-HOR.AX, page-113

"Always look on the bright side of life ...................."

Hibernation over it seems, and LOL just as winter approaches.

Consider these positive things:

1. Jorc'd copper at HL with more to be added.
2. HL now central to holdings by IGO/ALY and RNI and RNI jv with Omni Projects - ie on the VHMS cu/au strip.
3. Lazarus-type recovery possibly imminent with $500k to come into kitty once the CR gets the nod on Friday; no longer running on empty!
4. People stumping up to pay 2.5c per share, 2 of whom would be very well-known to MF and are parting with cold hard cash of $200k each.
5. A current market cap of just $3.225m - 169.752m x 1.9c. After Friday and the issues, the number of shares on issue will be 189.752m and x 2.5c = MC of only $4.74m with $500k in the bank too.

I have been scathing in my criticism as to lack of sh communication and nothing has happened to make me withdraw or soften that criticism, but what has happened to make me think that it's all about to change for the better is the CR and its wording and numbers.