Looking increasingly like it will get nowhere near 5cSeems to be...

Looking increasingly like it will get nowhere near 5c

Seems to be support at 7c so a good opportunity for the bulls to accumulate now.

If they manage to get a whole lot more investors on board before they have to raise capital, then that will make the capital raising a lot easier and could even be profitable for retail shareholders.

Have definitely considered getting on board at 7c but am holding off for the time being.

They have a good opportunity to raise capital on all this optimism. Given that HRL needs cash for the development of its projects, I guess they are holding off in the hope that they will be able to borrow or raise cash on better terms later.

I will definitely be pouncing on any SP weakness in 2012.

Good luck