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1ForDaMoney

5,521 Posts.

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29/01/19

16:02

Post #: 37253503
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Originally posted by Banker ↑

I'm always a little reluctant to contact MD's especially when a few have been and I suspect much has been shared.

As we speak, we can however measure a company's (and MDs) progress via a company's share price and corresponding market cap movements. Another determinate would be depth in bid with both new buyers and existing holders willing to top up.

Both SP and market depth are linked to that of what the company communicates to the market and the timeframes of which are set (or missed).

Quarterly will have some info as per normal but;

Where are we at with most of HLX's projects?
When is Collerina drilling due for completion?
When shall we expect assays?
When is the subsequent JORC due?

And if updated by the company.... how much weight can we now place upon these timeframes being met?

Questions similar to these would be included in my conversation with the MD. And then I would point at the share price......

.

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Further I don’t think you would attract the likes of Peter Lester and Tim Kennedy who are of the highest quality board members in the entire spec space on the ASX. My guess is they didn’t jump onboard for the Iced Vovos or Cobalt rock chips..

HLX Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $14.68M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$8	2K

Buyers (Bids)

No.	Vol.	Price($)
18	30089126	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	36223067	31

View Market Depth

No.	Vol.	Price($)
1	89065	0.022
1	200000	0.021
2	630476	0.019
2	776576	0.017
1	259000	0.014

Price($)	Vol.	No.
0.023	30888	1
0.024	44000	1
0.025	148129	1
0.027	66348	2
0.028	250000	1

Last trade - 15.17pm 18/11/2024 (20 minute delay)

HLX (ASX) Chart