OTCQB:NVMDF - Post by User
Comment by
HornbyBayon Oct 29, 2017 10:12pm
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Post# 26874559
RE:Hornyboy
RE:Hornyboyrjlessard, please read the MD&A on SEDAR - that's where I get my facts While I'm not happy with HMI's share price decline, it appears that management is building shareholder value. Also, HMI's historical performance is not that bad when you factor in the Stakeholder Gold spin-out of a few years ago.
I agree that there are plenty of questionable companies on the TSX Venture Exchange. However, I have been a Hinterland shareholder for many years - and the reason is that Mark Fekete has proven to be skilled at acquiring promising projects cheaply through staking. In the past year, HMI staked some cobalt properties - and subsequently sold them to CBLT (fka Green Swan) for cash and shares. This cash should allow HMI to continue for some time without dilution through equity financing.
In a nutshell, I think your harsh criticism is not justified in this instance. If you have facts that prove me wrong, though, please share.
Disclosure and disclaimer: I own shares of HMI, just my opinions, and not investment advice.