HIO - Hawsons Iron

[TechnoCap]

Remiss of me not to add a chart.
It's had a very good run.
Not one I've traded though, only owing to not having looked at it, and some confusion about the HIO or HAW thing.
Will be keeping an eye on it to see how it travels from here.

View attachment 140788

Travelling to orbit

 

[Gavin Atkinson]

Anyone following this?
I’m in waiting for a retrace to bump up my holding

Needless to say this opportunity never presented itself at the level I expected.

 

[TechnoCap]

Needless to say this opportunity never presented itself at the level I expected.

Nice uptick Atko

 

[Gavin Atkinson]

Nice uptick Atko

I’m not complaining, picked up a reasonable amount at 29c average.
Now to hold tight and hope everything goes to company plans.
I just hope the resource upgrade comes in close to expectations or we may see a fall back on SP.
You have a parcel too don’t you?
Hope you are enjoying the ride

 

[TechnoCap]

I’m not complaining, picked up a reasonable amount at 29c average.
Now to hold tight and hope everything goes to company plans.
I just hope the resource upgrade comes in close to expectations or we may see a fall back on SP.
You have a parcel too don’t you?
Hope you are enjoying the ride

Loaded up at 17c and 19c six digit parcel

 

[greggles]

HIO on the move today after management announced that the BFS will focus solely on a 20 Mtpa project due to its superior economics and investment appeal relative to a 10 Mtpa project.

Great positive step to optimise the project for economics and increase output. On current figures that gives the project a 20 year mine life.

 

[bk1]

BFS delayed, to examine escalating capital expenditure costs and all options to progress the project.
Wont be the last either to do this among the juniors.
SP predictably hammered as we speak.

 

[frugal.rock]

I got the impression from their announcement that they have been disappointing shareholders for a while.

From around $0.38 to $0.10 as per chart.

Management should be proud of the great prudent job they have done and make sure they get a big bonus for Christmas.
Oh, and if there's not enough cash in the kitty for the bonuses, just dilute with a capital raise.
Shareholders, those disgusting pathetic creatures, I wish they could do away with them.

 

[Craton]

It's been mostly downhill since the May $1.08 high but HIO has always been buy low sell high.

 

[The Triangle]

I'm still scratching me head wondering where the shareholders thought Hawsons was going to get funding for the billions and billions needed for a complicated iron ore mine? The pre-production capex was 1.4USD billion in 2017 - so probably upwards of 3.0 AUD billion today - and then what was the peak draw down of capital going to be? 3.5 billion? 4.0 billion? There simply is not enough capital in the world to fund every tom dick and harry who has a marginal deposit. But good on the people that got in last year and dumped before this week!

Wasn't there a fair bit of boardroom drama as well a few years ago when it was carepertina resources or whatever it was called?

If you want iron, just rip up another patch of land in the WA, Plenty of iron there right off the highways and near the ports.

Details from 2017 below:

 

[Craton]

I guess they need to spruik the project. A few years ago, management were talking about building a slurry pipe down to the smelters in Sth Aust. Talk about a grand vision!
Now its a slurry pipe into Broken Hill but geez, me thinks in this risk averse climate at least, there are lot's of hurdles to overcome. Especially those infrastructure expenses and costs.

Still, furnaces (see what I did there?) favour the higher grade magnetite ores so, only a matter of time before this project becomes a reality. In the meanwhile, buy low sell high is my mantra.