Yes, I was surprised a little with the divi while they are in a capital raising mode. I spose it indicates their intentions for the future re divis. I would have preferred that they put the money into the smeltor.
I also looked to accumulate a while ago, but did not since I already carry too many of these as a proportion of my portfolio. In hindsight, well - it has risen since!
Lead, zinc and selenium prices all look to be going in the right direction, and they should record a 1m mark to market in September, so all should be fine right now. The Aust dollar is the only minor glitch.
I do reckon from what I've read any CRT revenue will take a while.
If they continue to effectively manage their costs vs their income as they have done recently, then I see only risk to the upside.
HMC Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
