Healios KK Ord Shs HLOSF

Our next move up

[The300]

With the private placement now out in the open, it looks like we have renewed confidence in the stock from long term shareholders, including myself, and have likely hit the radars of a few new investors and institutions.

It looks like the stock is starting to consolidate in the $.50 cent range, which I believe is fair given where we were 2 months ago.  As pointed out by another poster, I appreciate the fact that the money being raised is hard dollars and not flow through.  A $.50 flow through financing would have been very detrimental to the stock price.  One point which I did find curious was that the Hudbay private placement was contingent on Halo raising $2.2 million of their own accord.  Not quite sure as to the rationale there and would welcome any insight.

Now, on to my thoughts about our next move up.  As much as I would love to see a gap up before the year is out, I don't think it is likely (barring any major news).  I believe that Halo will be trading in the range of $.48 to $.58.  I think the reason for this holding pattern will be selling coming from those trying to sell their shares on the open market in order to participate in the current private placement.  Once again, it is just a part of the process and has nothing to do with the fundamentals.  Once the private placement has been closed, then we continue to move our way up.

I remain very confident in this company as the insitu values (and  I'm only refering to those that we know of via the resource estimate) are being given a considerable discout when looking at our market cap.  Now, throw in the blue sky potential for the rest of the Sherridon package (and I believe that there is an elephant out there waiting to be found) and you have alot of upside with minimal downside at $.50.  And I didn't even touch on the Red Lake exploration or the cash flow which will be generated from the Bachelor Lake Mine NSR  which I believe will be generating between $50,000 and $60,000 per month starting early next year. 

As always, the above is only my humble opinion.

The 300 (Molon Lave)