Highbank Resources Ltd V.HBK

Under $0.20

[crosenfield]

There's actually not a lot of shares available under $0.20 aka my low end range for our pre-production value with all permits in hand. It could be another month but likely just a matter of days before we get confirmation of the Notice of Work. Dollars are rolling in to the bank account now with the new PP to cover some initial startup costs so the team can get moving immediately. Once this all happens, institutional investors will have the confidence to start taking positions. What would a small institutional investment be? 50-100k? 500K? If you look at the level II's, there are approx 1.5 million shares available under 20 cents. Figure at an average cost of 16 cents per share, that's $240K. Really only one small institutional investors needed to scoop all that up. Shares might seem pricey right now when looking at the 52-week high and the few large lots on the ask but imo you can consider those all gone once the good word comes though. As I mentioned last week I sold some shares at 12.5 and 13 to finance my participation in the PP but I've been back to accumulation mode for a few trading sessions now. Fingers crossed for more positive NR's and another big month! 

 

 

Market-By-Price

REALTIME

Time	#	Size	Bid
10:05	3	52,500	0.10
09:32	9	105,000	0.095
01/25	6	89,000	0.09
08:01	2	67,000	0.085
01/24	5	84,000	0.08
01/17	2	23,000	0.075
01/17	5	82,000	0.07
01/16	5	140,000	0.065
01/08	3	31,500	0.06
01/04	3	65,500	0.055
01/22	3	75,000	0.05
01/22	2	52,000	0.045
01/25	1	30,000	0.03
12/04	2	13,000	0.025
11/01	1	100,000	0.02
11/01	1	100,000	0.015
11/01	1	200,000	0.01
12/06	1	400,000	0.005

Ask	Size	#	Time
0.105	43,500	4	01/24
0.11	263,000	5	01/23
0.12	71,000	2	01/21
0.125	226,000	3	01/21
0.13	210,000	5	01/21
0.135	86,000	3	01/21
0.145	10,000	1	01/21
0.15	68,500	3	01/21
0.16	10,000	1	01/23
0.165	18,000	1	12/05
0.17	25,000	1	01/18
0.18	50,000	1	01/21
0.185	150,000	1	01/25
0.19	215,000	1	01/17
0.20	205,000	4	01/21
0.22	30,000	1	01/23
0.23	100,000	1	01/23
0.24	30,000	1	01/25
0.25	5,000	1	01/21
0.26	30,000	2	01/21
0.27	100,000	1	01/23
0.28	2,000	1	01/24
0.29	60,000	2	01/21
0.30	5,000	1	01/21
0.34	150,000	1	01/23
0.79	400,000	3	01/04
0.84	30,000	1	01/23
1.23	157,500	1	07:30