It is going up, but not because of concentration or comments here.
Management may have been alluding to fund raising options and something may be in the works... There are slightly higher volumes even on +ve days, which is quite interesting. A strategic partner or return of the Hengda deposit could make a big difference right now. At this stage, a -ve day with good volume would still be a good sign.
Even without a breakthrough announcement, the market cap is quite low (under 20m) and this should go up anyway with progress towards a feasibility study. They have decent metallurgy, are reducing expenditure in the short term and hopefully management can do what is necessary to bring this to production, whilst preventing too much shareholder dilution. This requires patience, but it would be a shame to have held the last 6 months only to sell now... hence why I believe the sell side is drying up.
HXG Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
