It could be a number of options. I am trying to gauge what a drill program for the shallow targets at HM would look like? 10,000 ft for a million bucks enough? I think it all depends too on what potential acquisition of mineral claims they are looking at and who/what financial resources is brought to the table.
IMO, likely to see multiple sources of financial resources come forward. On one hand you have potential acquisition and drilling of new targets which could be under the lead of one financial entity. Then you have the HM LLC which they have been seeking funding sources for quite sometime. Possibly private investors waiting to come in at the right time too..
What I see is about 300 million shares of accumulation since the beginning of the year. A few I am sure went to long term followers on ihub but we all know the capacity and accumulation is small from penny traders. So where did all those shares go??? Seems to me like a perfect hedging opportunity for financial entities.
All this means is that when strategy is unveiled and action takes over this stock is poised to rise. This could go to .02 swiftly and still only be at the top end of a valuation trading range the past 5 years. Add is some drilling programs for high grade targets and excitement and interest can push this well beyond the long term trading range.
It is clear to me the opportunity is there and their press is indicating a strategy that can execute. Therefore I just accumulate weekly. Pretty simple approach for me..
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