HDY 0.00% 0.4¢ hardey resources limited

Ann: SRK concludes High-Grade Vanadium Mineralisation at Nelly, page-38

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  1. 14,796 Posts.
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    I doubt that we are anywhere near pump and dump territory , unless in the macro form .

    We have only just approved acquisition and have excess supply .(CR and vendor)

    Yes there are those who bought at 0.4c or 10m mc and taking profits or vendor profits

    But even at 0.5c = 13m mc, this is just the beginning in any language , when you are holding hot commodity and multiple projects .

    Pump implies an over inflation of fair value , and that p&d chart ends in a long winter .

    But where are we ?
    10-13m mc at the beginning of exploration and a fast track of nelly to reactivate mining licenses.? Sounds like spring to me with a good summer ahead of us .

    If we were sailing north into 50-80m mc , with bags on belts - I could imagine solid profit taking .

    What have we though ? Pip traded from 0.4 to 0.6.

    Just the beginning . And imo treat as such - volatility in chart at acquasition oversupply. Time to reassess if I am underweight .
 
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