HRR 0.00% 4.5¢ heron resources limited

do not buy this stock!

  1. 753 Posts.
    Why would you want to buy this stock when:

    1. It is unlikely that the Chienese would commit to making a decision prior to 31-Dec-2002.

    2. Cawse may have a bit more (high grade) ore left to last an extra year or two?

    3. Murin-Murin may not run out of (high grade) ore for another few years.

    4. Bulong may be going great guns at the moment.

    5. All three may be high grading their ore bodies to see them through their respective current minor propblems with their plants.

    6. Extrata is on the prawl looking for qaulity assets which could imply that mother-company Glencore may not do the same

    7. the longer the Chienese hesitate to make a decison the sweeter the race for HRR would be because by then ANL might have sorted its problems out.

    8. OMG may wake up to the fact if not already done so and 'merge' their ore body with HRR to form a 700m tonne resource.

    9. Australia may not be ready for another Chinese deal on the heels of the North Shell LNG deal announced recently.

    10. Finally but not least who wants to wait a few more months to make money.

    11. The price of nickel may stagnate around $8,400 per tonne and never ever ever take out the multi year and multi decade highs of $10,000 per tonne ($USD)

    Read the following line carefully:
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