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HVY, HEAVY MINERALS LIMITED
nipper
post Posted: Sep 14 2021, 03:46 PM
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Posts: 10,084
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Day One on the ASX and the stock weighed down by selling ... trading below its IPO raise , around 18c



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Sep 4 2021, 11:41 AM
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Posts: 10,084
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Heavy Minerals Limited (HVY) is an Australian company incorporated on 10 February 2021 in the State of Western Australia with a focus on industrial mineral exploration. The Company:

(a) holds the right to acquire the Port Gregory Tenements, comprising five granted exploration licences; and
(b) has, via +258 Limitada, applied for a mining concession at the Inhambane Project, comprising one mining concession licence application,

The Port Gregory Project is located approximately 45 to 60km north of Geraldton, 45 to 65km south of Kalbarri, and 40km northwest from Northampton in the mid west coastal region of Western Australia (approximately within 5km of the GMA Garnet Group active Port Gregory garnet mine). Limited exploration has been carried out on the Port Gregory Project. The historical exploration at the Port Gregory Project has been highly encouraging with moderate to high garnet grades and its close proximity to an operating garnet mine.

The Inhambane Project consists of one mining concession licence application (10255C), which the Company has a 70% indirect interest in. The Inhambane Project is located approximately 5km South East of the Port of Inhambane in Mozambique.

The Projects are considered by the Company to be prospective for heavy minerals, principally for industrial garnet, zircon, rutile, leucoxene and Ilmenite.

Company corporate strategy is to develop an industrial mineral sands exploration, development and mining business through organic growth and corporate action.

Listing date... 14 September 2021 AEST ##

Company contact details ..... https://www.heavyminerals.com/
Principal Activities ... Mineral exploration and development

Issue Price ... AUD 0.20
Issue Type ... Ordinary Fully Paid Shares
Security code .... HVY
Capital to be Raised .... $5,500,000

Expected offer close date .... 18 August 2021
Underwriter.... This offer is not underwritten. Foster Stockbroking Pty Ltd(Lead Manager)



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



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