HCY get only 30% of anything MRE find Nickel wise... but a big hit would obviously improve their fortunes.... how likely is it that they find anything, given a now long history of searching.... and finding nothing of commercial interest - it's long shot for Ni.
their U adventures might however spark some interest but only if significant results are achieved - a huge minus is that HCY have no money, and over 700 million shares fully diluted, and that situation will only get worse if they actually find something and want to exploit it.....
true to form, most dog stocks, which HCY is certainly one of, have a huge share overhang and no money - crippled from the start - so will need big find to lift itself from the bog, if it ever does....
sellers will be getting out into any strength all the way up - just imagine, hypothetically, that HCY hit 20c - it would then be capitalised at $140 million with all shares taken into account..... how can it win?
still, it will be interesting to see what they find this time around with their "me-too" uranium play..... I'll stay with it for a while longer, but it would need a miracle to ever come good.....
HCY
halcyon group ltd
