Good to see a bit more volume and movement up in price. I do not think any real buying has yet commenced out of Asia. We have had only one day in Hong Kong with another 4 days of meetings and presentations to go. I think the meetings in Manila at end of week could be the sleeper in this. I think main buying will commence from next week onwards although there will of course be some buying commencing this week. Next step after this will be penetration into South American market which I understand is being planned.
One would think we will be in double figures in not to distant future if smart overseas investors understand story and potential which I believe they do and will. Good medium to long term potential and traders will make money in short term on the turns - plenty in it for everyone. I am a medium term holder at this stage.
Above is only my opinion based on gut feeling and nothing much more.
HRL Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held