Picked this up in my scan of the undervalued U-stox so thought 6c was good first entry considering company had buyback in place at 5.5 with 10c cash in the kitty.
Then took more notice on techno alerts and fact it has substantial ground in a nuclear country apparently easing its attitude to U-mining and which according to previous estimates probably is #3 in the world for likely U-deposits. So am in HDG on URANIUM only and consider anything else a bonus.
Have NO IDEA about Moly cos its a global economic good times metal and its price has dropped from 36 to 9 bucks / lb in current sour mood. BUT they are MASSIVE intersections at what appears to be "sweet" grades quoting a geo mate, so certainly worth keeping an eye on the POMo prices ahead.
Looks to me it will now do a little work in 11 - 16 area to build the techno launchpad for whatever lies ahead. Has 10c cash and a Board wise enough to buy back to keep it tight if they see an advantage, so ticks all round for my early core nibbles.
16+ later should raise some techno eyebrows for mine, so close watch from here and will look to accumulate on market weakness.
HDG is one of my U-boat fleet and they seem to have responsible leaders. Dont know what the future gameplan but not so concerned atm ..... personal priority is to load up on what I consider fundamentally undervalued U-boats in preparation for the coming nuke wars as spot POU heads toward contract and confirm / reverses into new third primary which, quoting a U-guru whom I rspect, will cause a boom to make the IT boom of y2K look like kinderplay haha.
How can I argue with such Olympian passion as Jimmy Dee's ...... from his lips to Apollos' radiant ears haha!
PS My investment time frame is not a typical daytraders'. Am looking to 2011 and beyond and all current activity of mine is calculated preaparation for that those times ahead.
Would love to know any educated opinion on Moly ...... I mean what does 200+ m intersections of 0.4% mean anyway ? How does that compare with established Moly miners ?
IMBOOC
HDG Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held