EXPM:HRTFF - Post by User
Post by
TMG12FORWRDon Oct 03, 2019 1:25pm
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Post# 30192620
RBC on HRT...
RBC on HRT...Fair Value o.42, up a penny from recent.
Short -Term Bullish is unchanged.
Intermediate-Term is Weak Bullish changed from Bearish.
Rated 2 on their Strong Buy 1-Strong Sell 5 Scale.
Move to a more positive position regards this small gold mining-milling company. The ongoing management changes appear to be viewed to the positive. This, I find, is somewhat of a relief as it helps to de-risk the "unknown" regards these changes. The last news release was also reassuring regards the ongoing of operations. IMO, this NR is still suggesting that the 800tpd mill through put using shaft ore is still the goal for 2019. With the start of drilling in mid-October, there is a good chance HRT will have some drill results in 1st. 1/4 2020. IMO there is a lot to look forward to 2019-early 2020, including SP increase more likely than not. Assuming all goes well, the financials will strengthen throughout 2020.
Hold large number of shares and will continue to. Any news that helps "de-risk" the investment is surely good news.