re: BOD...Hi,..
Ive been watching HLM for several months,.. i have a small position which i have been adding to and which i am looking to double on the next dip, if there is one.
Anyhow... it seems to me this company has a number of good sites, and their current plan is to establish a mill once they have enough encouraging close to surface resources.
The drill results seem reasonable to date,but who know what magical number will finally convince them its feasible.....
Also i understand it their focus is tempered by their desire to keep stock dilution to a minimum with the aim of self financing deeper exploration once (if) a mill is established.
With 42.5 million shares outstanding and a market cap of 7.86 mil , (working cap. 1.2mil , liabilities 0.2 mil)
I think the stock is currently under priced based on its potential.....they have keep the stock dilution to a minimum (relatively well) and they are moving forward on their stated goals
That being said....
I agree the stock price has not fared as well as their plans and they don't seem to be getting as much coverage as they probably should be , but i think that as soon there is any firm commitment to establishing a mill this stock will pick up pretty quickly....
Please correct me if im off...this is just my opinion, but i prefer to hear both sides so any thoughts gladly welcome.