Post by
joeking09 on Mar 03, 2011 8:39pm
see you in the $5's$$$$$$$$$
HMG ran up from $4.20 in mid-NOV. to $5.50 in anticipation of the HML spin-out and the 43101 compliant resource announcement.The announcement was very good but did not hit it out of the park, resulting in some liquidation combined with china tightening and geo-politics=protect the profits. The $4.00 support level seems to be holding and as we are have significant near term catalysts: March-PEA which will define the economics-capital, operating and cash costs, strip ratio's, production rates, metallurgy, and with this major DE-RISKING investor/acquisitor interest will accelerate; MARCH-the approved Discovery Mine is finalizing the BANK debt financing which proves HMG's viability and we have lower strip ratio's, more resources, higher thruput and we still haven't discussed ZONE 5. Increased my position last few days-joe
Comment by
straghunter on Mar 04, 2011 12:31pm
I totally agree. HMG is in for some big movements in the comming weeks. With about 10 analysts with target prices ranging from $5-$6 and metal prices rising (especially silver) there is no reason why this wont take off again.
Comment by
Rudee on Mar 05, 2011 6:41pm
The easy money in HMG has already been made. You should of been buying a year ago when it was little over $1.