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Homerun Resources Inc V.HMR

Alternate Symbol(s):  HMRFF

Homerun Resources Inc. is a Canada-based company. The Company is focused on the development of its business within the critical and energy materials sectors. Its Tatooine Quartz Silica Project covers an area of approximately 3,958 hectares, located directly adjacent to the community of Brisco, British Columbia and BC Highway 95, and approximately 65 kilometers southeast of Golden, BC, which is home to the Moberly Mine, a past-producing high-purity silica mine in the same lithological unit as the Tatooine Silica Project. The focus at the Tatooine Silica Project will be to sample and test silica for its application across the spectrum of silica end-products, including high-purity solutions. The Belmonte silica concession in Belmonte, Bahia, Brazil. The Belmonte silica concession comprises approximately 69.4 hectares.


TSXV:HMR - Post by User

Bullboard Posts
Post by Olufemion May 11, 2009 1:03pm
383 Views
Post# 15983658

some thoughts

some thoughtsI must say the action here has been nice and stable.   This is what I like to see - A spike in price followed by some nice sideways movement.  Right now we are consolidating beneath 30 cents on decent volume (I would still like to see more volume) and that positions the stock well for future moves (hopefully upward).   Dundee's latest note on phoenix maintains their .90 cent price target and is quite positive about the last earnings.   Decreasing the expense per ton was a bit of a surprise (increasing profit margins is always smiled upon), and they seemed to respond favorably to the company's outlook.     A 43-101 and financing news is expected during the second quarter and Dundee expects profitability in the 4th quarter of this year.   That's some pretty solid future action.    I'm biased because I have a nice position here - but I'm confident in this position and I think the 12-month outlook for phoenix is lookin' nice!
Bullboard Posts