HDY 0.00% 0.4¢ hardey resources limited

Ann: Response to ASX Query Letter, page-81

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  1. 407 Posts.
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    Hey Kiwi, if only I had a crystal ball lol...it depends on what outcome and when announcements are made after this trading halt but I feel the SP will move closer towards 0.01c near within a few months. HDY have definitely good projects, I say good projects because the sites / projects have different minerals to mine, gold, vanadium (this is huge ) copper, zinc etc...
    if I owned all these sites,
    1. I’d either secure buyers for vanadium as a priority and generate income while they can secure top $ for vanadium or
    2. Use the make up & lipstick trick, secure all the mining licences required, package all the sites all together and look for a buyer to takeover.
    Why I say point 2... cause current management don’t have industry experience & usually when accountants & solicitors are on the board, it’s all about numbers/ $, tick & flick.
    Both point 1 & 2 usually take about 18 months to come to fruition.
    Au $ is sliding towards 0.66-68 cents in about 18mths allowing good exchange rate for overseas buyer.
    It’s then I expect the SP to be between 0.5 - 0.10 cents.
    Please note, these are thoughts & my opinion only...
 
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