My guess as to Halo management's next step ... start dismantling company by selling off core assets at discounted prices to put cash in the till to keep paying themselves bloated salaries for doing next to nothing.
Don't be surprised to see Cold/Lost assets sold to Hudbay for a song. Right now the entire company has a pathetic market cap of approx. $3,000,000, with much of that in cash (unless management has somehow burned through it).
The markets and commodities are getting killed which accounts for alot of our pain, however a great deal of it also has to do with an apathetic management team that has no excuse for not communicating with the market and shareholders (if any are left besides myself and Wayne).
According to the current bid / ask, we are on our way to establishing another new 52 low. Next to no support and we can see all the way down to $.05 - unbelievable.
| # Orders | Shares | Bid | Ask | Shares | # Orders |
| 1 | 12000 | 0.095 | 0.120 | 42000 | 3 |
| 1 | 15000 | 0.090 | 0.125 | 5000 | 1 |
| 2 | 22500 | 0.085 | 0.130 | 63500 | 3 |
| 1 | 6500 | 0.065 | 0.140 | 10000 | 1 |
| 1 | 150000 | 0.050 | 0.145 | 30000 |
Hopefully Pinetree steps up and tries to run a slate as they have seen their investment fall by some 80%. Hudbay, the other big institutional shareholder, is likely in bed with current management and has no reason to make a move. Especially if they can pick up Halo assets on the cheap.
As always, the above is IMHO
Regards,
The 300