RE: HZM23 Nov 2021 22:26
Looking at where HZM are coming from and forgive me for being frank, but they are a tin pot operation with a tier 1 asset and no cash of their own. JM has done the only deal possible IMO and they are now viable. The share price has been bobbing around 7.5p on average for a long while. It’s a shame it never spiked at 40p like GGP, OMI and Eurasia but they were just purely lucky. We missed that payday now so we will have to wait.
When you step back and look at it, it’s been heavily diluted yes but even after consolidation (10x) this will 4 bag imo. All those fellas holding millions of shares won’t like the consolidation either, even though it changes nothing in real terms.
My only concern is if we can’t raise cash for vahmelio. Might there be yet more dilution? Not something to be concerned about short to medium term.
I’ll think about adding at 7.5p