HRR 1.69% 5.8¢ heron resources limited

Shareholder Betrayl of Judas proportions, page-16

  1. 5 Posts.
    Hi Mmmoore,

    It is ironic that the share price exceeded the calculated NPV price of circa 8.3c and rubber stamped by the experts employed to write the spin by the experts at Heron even before the EGM.

    As I said before, the 3 investors that were classified as 'saviors' are not in it for a few cents profit but a great multiple of their entry price.

    So the numbers that you mentioned re mid $0.30 cents is not far from what my number crunching is, albeit based on a different methodology.

    And if we add the rise in the Zn price over the last week, the numbers look even more impressive but there is now an overhang of shares.

    I await with amusement the sudden re-rating of the stock by those experts that only thought low $0.08 cents were the absolute best.

    Vain
 
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