In my opinion, HRR’s capex raise was a disaster. It seemed at the time as though new cornerstones got a sweet deal. Existing institutional holders were also afforded an opportunity to avg down. But what about retail loyalists? What does that say about company priorities?
But things didn’t turn out well for cornerstones either. Attributable, in part no doubt, to collapsing metal prices. But Heron’s failure to catch a bid in this recent rally suggests lingering concerns remain re the business model. Put simply, market sentiment re HRR stinks
HRR Price at posting:
55.5¢ Sentiment: None Disclosure: Not Held