The HPX dump can only be construed one way. A negative reaction...

The HPX dump can only be construed one way. A negative reaction from HPX to what they found in their drilling. As a private company (linked to a bilionaire) it makes no sense that the dump is "part of their funding model". We are now relying on the drilling that AON has done, and we know there have been multiple dud holes in their campaign as well.

At $5.5 mill enterprise value (Mkt cap less cash) we are not far from shell valuation for a company with a few assets, and some JV funding. So hopefully we can stabilise here, but lets be clear we are here for a reason.

Of course many micro caps are having an awful time at the moment with chasing yield the only thing private investors are looking to do at the moment.