is someone following this stock
HMX looks finely balanced here. I read a comment that the hammer candle today was a good sign as it showed the low of the day being rejected but conventionally I believe a hammer in an uptrend can be bearish. The price is hesitating at the level of the prior high. I will be watching in case it fails here and can be picked up at 6c or lower. I haven't seen much interest in Cu explorers here when it comes to discussion of how to benefit from the copper price. Nor mixed commodity miners for that matter, like Newcrest (NCM). Sandfire (SFR) doesn't get mentioned and its chart had its highest weekly close in 3 years.
View attachment 137392
"Following the nearby “Major Copper Discovery” by Carnaby Resources (ASX: CNB) at Nil Desperandum, Hammer has instigated a geological review of its neighbouring tenements and targets including Revenue prospect (~5km to the East of Nil Desperandum) and Overlander deposits.
The review encompasses historical drilling and residual geophysical targets including historical IP surveys which appear to be a factor in Carnaby’s recent exploration success.
An IP team has been secured for work in March/April to complete initial surveys across several Hammer and Mount Isa East JV targets."
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