I believe the main catalyst for the recent share price increase would have been due to MIN's sale of 50% of its Wodgina lithium project on Thursday last week for $1.5B.
This gives MIN freedom for significant capital projects in a short amount of time.
I don't think today's increase would be due to a leaky ship, but likely to be simply increased awareness of Hazer from this massive deal for HZR's partner and biggest shareholder, MIN.
From all reports, the MIN plant isn't too far away from commissioning, so I am expecting an update on this in the very near future. I'm sure that the"draft financial model" hazer and MIN were developing must also be complete, so would be good to get a full comprehensive rundown once commissioning commences.
There is also plenty of eyes on MIN at the moment so any announcement re hazer from them would so wonders for the share price IMO.
HZR Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
