HER (Herald Resources) - mining exploration company focused on the Dairi base metals project in Indonesia. Appears that full development of the Dairi project everything hinges on the forresty approval by the Indonesian Government. This decision is expected to be released by Xmas.
Currently trading around $1.65 mark, however Euroz has a $3.00 target should forresty approval be granted. Perilya have just taken a sizable 8.9% stake in the company in early November, thus speculation of a potential takeover bid is not of the question.
Appears to offer large upside should this approval be granted.
Anyone know much about HER?? or how the Indonesian govt operates when it comes to giving the green light for forresty approvals??
Attched below is the Euroz Report -