HLX - the next 5 bagger cobalt/nickel play?, page-399

Good acknowledgment to capital management. Others have highlighted that HLX have never consolidated their capital and have remained focused for a long time. Picking up all of their assets on the cheap when no one else was interested. Mick deserves a pat on the back and a beer

Recent frustrations around lack of movement and then Share Price action caused angst with many.

They spend cash cautiously and wisely. They came out the other side of their quarterly with more than $1m and lower cash burn forecasted than the prior quarter.

During this time they formed up where to place their drill at Yathella, have a much better understanding of Collerina, signed up two JV's with their assets in Chile and have multiple new studies on Mundarlo. Hell, even the NSW government has helped out. All of which is going to be carried out with their current cash.

This company is a little different to many listed on the ASX. It has multiple company making targets and actually doesn't spend shareholders funds on crappy targets and director salaries. Oh yeah, I wonder why the new directors joined this year.......

Just my thoughts with my morning coffee.

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