New bottom establishedAfter a slight retrace and millions of shares traded at current sp value, we likely have a new floor here. A pretty cool development for an oil company in a gold oriented investment climate, A sign of things to come one may ask ?
Warrants are being exercised to help finance the current oil production operation and assist the switch to a clean tech. Some traders have likely become bored by the affect warrant selling has had on the SP. A short sighted view considering the types of developments we could be seeing shortly.
We should be hearing about the definitive licencing agreements - involving unique U.S. and European electrical efficiency patents - by August 1st. Interesting that there would probably more buyers if the company was trading for a higher value. It's easier to dismiss claims from smaller market cap companies because so many have tried to scam the market for easy money.
One of the tell tale signs to look at when assessing the probability of bold claims is to take a good look at the leadership. What you see from management here is the polar opposite from a hustling, deceiving mindset. There is no masking of hidden insecurities by projecting a larger than life ego, and spouting off rehearsed talking points like a script. No used car salesman attitude whatsoever.
What you see is what you get with ceo Don Currie. This is someone who isn't afraid to admit the struggles his company has faced, and even that they have more learning to do in regards to gaining a complete understanding of the IP they are soon to be licencing. This type of bold honesty is incredibly refreshing and - in my mind - a great indicator of true confidence.
It's a perspective and angle which you won't hear from most investors, but also what I believe is an overlooked and quite significant aspect of weighing HRH as an investment at this stage
Still weeks away from this anticipated NR related to IP licencing and Barchart is already ranking HRH as an 88 percent Strong buy with a strengthening short term outlook.
https://www.barchart.com/stocks/quotes/HRH.VN/overview