Great thread, HDY have still yet to update S.H's of intentions...ATM this seems like they are changing focus, I would of thought to see drilling and results, this also from the June 13 ANN-
Hardey has a significant exploration budget for 2018 and continues to progress all of the assets within its portfolio. In the upcoming quarter, the Company has made a strategic decision to direct focus to Lloyd’s copper mine based on the outlook for copper and the geological potential recognised around the historic workings.
Seems like they are cashed up and its like quick lets buy more land, or at least pay to do some due diligence...
This would IMO have been on the tables from before the last cr, and if there is a offtake partner to take Vanadium it would sure add value to the M.C, could this be the sudden change in direction, or is it one of Clee's poker plays...
From my point of view Vanadium is a great resource to own, but we haven't been able to produce anything from gold and or copper yet..I guess time will tell, it seems the new land will come at a cost of dilution, also makes the window of expiry of oppies seem very small when they just keep printing more, so to speak.
I wish all good luck on this one, I will sit on this for 12 months and see where it goes..
HDY Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held