Seems like good value at current prices to build a position?Hello All:
I have a small long position in Harfang. Thinking about averaging down and adding to it if can get it at 10-11 cents which would be in line with cash break up value.
Heard from my cousin who attended the show in person that company is in the final stages of transitioning leadership from Ian to Rick. SHould be complete next week and Rick will be guiding the ship.
My cousin siad they have predominantly hard dollars which they could sit on? However, they just raised a little more than $900,000 via flow-thru and charity flow thru. These dollars need to go into exploration in 2024. Although the company would not say what the plan is, they did say that Rick will be the one deciding what the exploration program looks like this year.
They have mista (gold) and lithium drill programs to contemplate on the Serpent project. My cousin mentioned they are waiting to see if BRW drills Elrond this winter. And if they do, then HAR likely takes a run at the Lithium showing at Serpent that could be on same trend as BRW Arwen showing.
It is also possible they split out the gold projects and lithium projects to simplify the focus for Harfang. Right now, the market seems confused about Harfang wondering if it is a lithium explorer or gold focused explorer. Let's see how they deal with this or clarify what Harfang's focus is on.
Anyways ... just some interpretations that I am sharing. Rick takes the helm next week. Hopefully he has a plan to kick start Harfang.
Do your own due diligence first. And don't listen to me. I am a novice investor.