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Bullboard - Stock Discussion Forum Hana Mining Ltd HNMFF

GREY:HNMFF - Post Discussion

Hana Mining Ltd > How high will HMG go?
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Post by straghunter on Nov 29, 2010 2:43pm

How high will HMG go?

Any thoughts?

Assuming PEA goes smoothly in Q1.
Comment by sam02 on Nov 30, 2010 11:15am
I think if the PEA goes smoothly we will see at least $6 share price. A few weeks back Cormark securities were saying $6 also conaccord and Clarus were saying $5. The potential this property has is unbelievable. I am 99% sure that they will be taken out by a major in the next 12 month. majors are not going to let this one get away, this is huge. My bet is that Hana will be taken out above $7.
Comment by straghunter on Nov 30, 2010 12:05pm
Raymond James has also held its target at $5. Hana also speculates there may be up to 6 billion pounds of Copper available (almost double of which it has already discovered). I am hopping for $8-$10 over the next 12 months. Although this may be overly optimistic.
Comment by sam02 on Nov 30, 2010 12:50pm
I don't think you are far of with your $8 $10. A friend of mine that is heavily invested in this company also says he expects it to hit $10. Hope you are both right. Goodluck all.
Comment by greener12345 on Nov 30, 2010 1:16pm
i expect a takeover within 6 months between 6 and 7 bucksthey are still at less than 15% explored/assayed of the tolal strike length
Comment by straghunter on Nov 30, 2010 4:22pm
There has been much speculation as to a potential takeover, lets hope however, that HMG is trading at $6 prior to any takeover talks.
Comment by sam02 on Nov 30, 2010 8:30pm
I hope so to. and i think they will. I would think when and if the PEA is good then the share price will make a big jump. No reason to think it will not be good. i don't think management has any intention selling below $6. When takeover happens we should get between 15 and 20% premune on 30 day average. Majors will want to get this one tied up sooner rather than later before any more reserves ...more  
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