HMX -clock the hammer it's time for action- GOLD - IOGC base metals

[JBmurc]

http://www.hammermetals.com.au/
GOLD/Copper-IOGC
S/P- 2.2c
Mktcap= $8mill
Cash- $1.8mill+
SOI-351mill
Opts ex 3c 2020-190mill

• Management’s track record for gold exploration in Western Australia and the recent acquisition of the Bronzewing South Gold Project has attracted support from the original founders and early supporters of Gold Road Resources (ASX:GOR)

Hammer’s Chairman, Russell Davis said: “We are delighted with the outcome of the placement that generated demand from existing shareholders and a number of new institutional investors exceeding the amount sought. With the IP survey well underway at the Bronzewing South Gold Project and drilling planned for the second week of August on top of the promising results from low-cost exploration at the Mt Isa Project, we are anticipating an exciting period for the company for the remainder of 2019

The placement will raise a total of $1.756 million from the issuance of approximately 87.8 million new shares (“New Shares”;) at an issue price of $0.020 per share (“Placement”;). The Placement was strongly supported by existing shareholders and introduced a number of new, high quality domestic and international investors to Hammer’s share register.

-Recent Presentation
https://yourir.info/resources/9a684...37091/HMX_Investor_Presentation_July_2019.pdf

Now the shares have just come out of trading halt after the 2c placement and we can see some of those involved in the placement taking a quick profit during the day but when you look at the depth chart
I could see 50%-100% upside on positive lead drilling results from BZW South which is right next door to BZW Gold plant (EAR.asx) or from the IOGC projects in Mt Isa already with a decent resource base for cap with 2000sqm tenement in the largest base metal province in the world
190730075604.png
I don't think this selling will be around forever HMX major negative was not having enough cash to continue their aggressive exploration/development across the 6x projects with around 1.8mill should cover operations for enough time to wake the market for major re-rate IMHO

One of the best team of Geo's I've come across in the micro-cap 90yrs+ experience

Hard to believe it only commands a NAV-$6.2mill 10bagger potential when you add all the project potential + mgmt + cash

Disc-Holding HMX,HMXOD

[JBmurc]

And HMX hit 3.5c yesterday ... and I think we have much more to run depending on drill results , placement profit takers must surely have run dry
did sell around a third of my HMX holding purely as I have a large OD's holding so decided to diverse some funds into portfolio underperformers

[JBmurc]

https://smallcaps.com.au/hammer-metals-commence-drilling-bronzewing-south-gold-project/

[JBmurc]

Ended up selling 15% of my OD's Holdings for 118% return for 4 months holding ... hold the rest till early 2020 or 9c-10c target is reached

[Stumpynuts]

Thanks for putting me onto this company JB,
I bought into EKM/GOR beofre their name change way back around 2010-12 when they were still in the mid 10s and rode it up all the way up to mid 30s.

I got my house deposit paid for because of this company.

I'm currently into HMX @ 2.9c and am enjoying the current SP ride up, fun to see all the speculation around the surrounding companies and nearology impacting HMX's SP.

[JBmurc]

Thanks for putting me onto this company JB,
I bought into EKM/GOR beofre their name change way back around 2010-12 when they were still in the mid 10s and rode it up all the way up to mid 30s.

I got my house deposit paid for because of this company.

I'm currently into HMX @ 2.9c and am enjoying the current SP ride up, fun to see all the speculation around the surrounding companies and nearology impacting HMX's SP.

Yeah been a great run up >> sold the last of my 2.3c HMX today ended up purchasing a few more HMXOD taking my holding to 2.85mill 13+ months to expiry happy to hold till Xmas see what the rest of 2019 brings

[JBmurc]

Still sitting on 2mill of the HMXOD ex. SEPT 30th 3c ex price

Currently Buying HMX 2.5c hopefully get the rest of my order filled today ..

Last couple of anns -comments from MD

Hammer’s Managing Director, Daniel Thomas said:
“The first program of the JOGMEC Joint Venture has positioned Hammer for success in 2020 with the definition of
a number highly prospective Copper/Gold drill targets. Diamond drilling at Shadow will test the depth extent of
surface Cu-Au mineralisation that has already been observed. The upcoming program will also see Hammer
embark on significant field work to elevate earlier stage targets that have been identified during this program. These
upcoming work programs should ensure a steady stream of results from the Mount Isa projects throughout the
remainder of 2020.
Initial results from the Queensland Government funded CEI MT survey are encouraging. The results from this
survey illustrate the potential around our Kalman deposit highlighting a number of structures and conductive bodies
with the potential to host high grade mineralisation

Hammer’s Managing Director, Daniel Thomas said:
“The quality of exploration targets within Hammer’s portfolio continues to be recognised and rewarded as
evidenced by our successful funding applications to various state governments. The Western Australian
government EIS program has a tremendous history in contributing to the discovery of valuable ore deposits.
The grant will enable deeper drill-testing for a potential repetition of the Bronzewing Deposit within Hammer
tenements.
Whilst the interruption to our North Orelia program was unfortunate, it has given the Company an opportunity
to re-assess the priority of its targets and allows us to refocus on the displayed potential at Target 1. The
Company is looking forward to a busy period with the drilling of a number of prospects at both our Bronzewing
South Gold Project and our Copper and Gold prospects in Mount Isa.”

[Stumpynuts]

Still sitting on 2mill of the HMXOD ex. SEPT 30th 3c ex price

Currently Buying HMX 2.5c hopefully get the rest of my order filled today ..

Last couple of anns -comments from MD

Hammer’s Managing Director, Daniel Thomas said:
“The first program of the JOGMEC Joint Venture has positioned Hammer for success in 2020 with the definition of
a number highly prospective Copper/Gold drill targets. Diamond drilling at Shadow will test the depth extent of
surface Cu-Au mineralisation that has already been observed. The upcoming program will also see Hammer
embark on significant field work to elevate earlier stage targets that have been identified during this program. These
upcoming work programs should ensure a steady stream of results from the Mount Isa projects throughout the
remainder of 2020.
Initial results from the Queensland Government funded CEI MT survey are encouraging. The results from this
survey illustrate the potential around our Kalman deposit highlighting a number of structures and conductive bodies
with the potential to host high grade mineralisation

Hammer’s Managing Director, Daniel Thomas said:
“The quality of exploration targets within Hammer’s portfolio continues to be recognised and rewarded as
evidenced by our successful funding applications to various state governments. The Western Australian
government EIS program has a tremendous history in contributing to the discovery of valuable ore deposits.
The grant will enable deeper drill-testing for a potential repetition of the Bronzewing Deposit within Hammer
tenements.
Whilst the interruption to our North Orelia program was unfortunate, it has given the Company an opportunity
to re-assess the priority of its targets and allows us to refocus on the displayed potential at Target 1. The
Company is looking forward to a busy period with the drilling of a number of prospects at both our Bronzewing
South Gold Project and our Copper and Gold prospects in Mount Isa.”


It's good to see HMX got another round of funding grants - Money they've received from Australian govt/state level which they don't have to cough up from their own pocket.

[JBmurc]

It's good to see HMX got another round of funding grants - Money they've received from Australian govt/state level which they don't have to cough up from their own pocket.

Yes here's hoping we can see some good exploration results over the next few months ...get these HMXOD's (Sept 30th expiry) in the money SP well above 3c that will add 5.7mill to the coffers not including unlisted opts ..

https://www.businessnews.com.au/article/Hammer-locks-in-150K-Govt-grant-for-deep-drilling

[Stumpynuts]

Yes here's hoping we can see some good exploration results over the next few months ...get these HMXOD's (Sept 30th expiry) in the money SP well above 3c that will add 5.7mill to the coffers not including unlisted opts ..


I see Ziggy topping up his holding yet again.... Always a good sign when the head geologist (The one who put GOR on the map) puts his money where his mouth is.

[JBmurc]

I see Ziggy topping up his holding yet again.... Always a good sign when the head geologist (The one who put GOR on the map) puts his money where his mouth is.

Yes and size he holds 6-7% of the shares of outstanding in HMX ... someone got a Bargain in the opts today .5c should well see 100-200% return next couple of months

Really since 1st JUNE HMX Volume and bidding pressure has jacked up ...can't wait till we see some exploration results

[JBmurc]

https://digitalfinanceanalytics.com/blog/dfa-live-qa-with-tony-locantro-replay-hd-edited-edition/

Talking about HMX as the great buy at these levels from 1.06

[Drew95]

A bit thin on the sell side.

Discl. Hold shares and options.

11699

[Drew95]

A bit thin on the sell side.

[Drew95]

This time with the image attached...
11700

[Stumpynuts]

SP tracing upward, holding steady this week...
Managing Director also topping up his holdings - Although only $10k worth of additional shares were purchased.

[JBmurc]

BUY n HOLD plenty of reasons why HMX Bull trend could well continue ..with the right results should well repeat what I've seen with my OBM + RXL holdings of late

[Stumpynuts]

BUY n HOLD plenty of reasons why HMX Bull trend could well continue ..with the right results should well repeat what I've seen with my OBM + RXL holdings of late

RXL effectively doubled their SP this week yeah?

[JBmurc]

RXL effectively doubled their SP this week yeah?

Yes RXL getting huge interest looking good for 1billion+ shares will be traded this week that like 50%+ SOI traded ... IMHO a Major getting on board while Insto-sophs take the 100%+ profit for the placement ..as thats what they do

[Drew95]

This is how I like my charts to look ... a very good find, JB. Options rose nicely today too.

11714

[JBmurc]

This is how I like my charts to look ... a very good find, JB. Options rose nicely today too.

11714

Yeah actually took profits on my HMX holding still got my 2mill of the OD opts .... which more than likely will regret but I really like the look of CNB 8mill goldie that will be presenting at the Mines & Money Conference 2020 this week ... with Toll treatment planned from. 4Q20 I think we will see some market love next few months and esp once cashflow starts coming in my est 20mill free cashflows

[Stumpynuts]

Ticked over 5 cents this afternoon.

5.2 cents at the time of me posting up this message.

[JBmurc]

Ticked over 5 cents this afternoon.

5.2 cents at the time of me posting up this message.

HMXOD ex price 3c so .6c cheaper than buying the heads CRAZY!!!

[younga]

...and I sold at 1 cents for the options. Looked to get BK in today but others were too quick

[Stumpynuts]

First drill results out today for Orelia
https://www.asx.com.au/asxpdf/20200715/pdf/44kjpyb9dlr4g8.pdf

Grades are relatively low and not as wide compared to say someone like - DEG
But at least they're relatively shallow drills, close to surface, ie. should be cheaper to mine.

[JBmurc]

HMX has some great Gold prospects but really Cu is its main game when you look at JORC resources in place

Don't think the market understands HMX great Cu projects at all >>>

https://uk.reuters.com/article/uk-metals-copper-ahome-idUKKBN25K1GM

AUD Copper = $9044 ton

HMX present Cu resources -main project Kalman = indicated open pit = est 106,000t Cu eq - 90% recoveries
=94,500 ton Cu eq ~ $9k AUD ton =$850mill Gross ... 10% IGV = 85mill

[JBmurc]

What ann's we should have coming up during 2H20 -- that should well spark the SP to much higher levels>>

1# >> Toby & Shadow exploration results (Paid for by JOGMEC) IOGC Copper ,gold, silver
(Historical reconnaissance rock chip sampling at Toby has obtained individual peak grades of up to 18.4g/t Au, 76g/t Ag and 15.1% Cu)

2#>> Orelia AC Drilling results -Gold

3#>> Queensland Government 100% funded diamond drilling at Koppany results - Rare earths !!!

4#>> Orelia RC Drilling + Kens Bore RC Drilling -Gold (really looking forward to seeing if KB rock chips upto 497g/t au can be backed up by some High grade drill results ....just image what the SP would do with 100g/t hit over 5m+ would do to the SP)

5#>>RC Drilling (JOGMEC JV) Cu-Au-Ag.... Pre Xmas results ??

6#>> Diamond drill BZW South to finish the year out ---results early in the new year

[Stumpynuts]

What ann's we should have coming up during 2H20 -- that should well spark the SP to much higher levels>>

1# >> Toby & Shadow exploration results (Paid for by JOGMEC) IOGC Copper ,gold, silver
(Historical reconnaissance rock chip sampling at Toby has obtained individual peak grades of up to 18.4g/t Au, 76g/t Ag and 15.1% Cu)

2#>> Orelia AC Drilling results -Gold

3#>> Queensland Government 100% funded diamond drilling at Koppany results - Rare earths !!!

4#>> Orelia RC Drilling + Kens Bore RC Drilling -Gold (really looking forward to seeing if KB rock chips upto 497g/t au can be backed up by some High grade drill results ....just image what the SP would do with 100g/t hit over 5m+ would do to the SP)

5#>>RC Drilling (JOGMEC JV) Cu-Au-Ag.... Pre Xmas results ??

6#>> Diamond drill BZW South to finish the year out ---results early in the new year



Expecting to release another report weren't they sometime in these next few weeks?
Mt Isa IOCG drill results or something along those lines.

[JBmurc]

Expecting to release another report weren't they sometime in these next few weeks?
Mt Isa IOCG drill results or something along those lines.

Yes I think much like along the list I posted so TOBY - Shadow results firsts up

[whatsup]

Yeah actually took profits on my HMX holding still got my 2mill of the OD opts .... which more than likely will regret but I really like the look of CNB 8mill goldie that will be presenting at the Mines & Money Conference 2020 this week ... with Toll treatment planned from. 4Q20 I think we will see some market love next few months and esp once cashflow starts coming in my est 20mill free cashflows

BOY did you get the CNB buy right, .08 to .35 atm well done .

[JBmurc]

Yes that and OBM sub 10c my best RXL also been pretty good buy sub 2c

[Stumpynuts]

Mt Isa drill results out this morning.

https://www.asx.com.au/asxpdf/20200907/pdf/44mcsv5rr213hz.pdf

[JBmurc]

Back into HMX couple days ago for couple pips less than I sold back in JULY loving these Copper Bull trend

[JBmurc]

Back into HMX couple days ago for couple pips less than I sold back in JULY loving these Copper Bull trend

And up 50% today >>>>LOL ... back to back boom days happy JBMURC camper .... who's up next for a 50% day rise POD? (Also going for a run today) maybe OBM (Biggest holding yes please). .... CNB , WWI , RMX , RXL , MAG ?????

Was always my trading plan HUNT resources shares than have HUGE upside potential and spread the risk Via 10+ holdings .... playing out well to date

[Alpha]

up 172% now

[APH1]

Wow well done! I have started following some of these resently hugh potential in some of these companies, good to see it paying off for you.

[JBmurc]

Wow well done! I have started following some of these resently hugh potential in some of these companies, good to see it paying off for you.

Yes it sure is,, did take my profits in HMX with 110% return for just over a month Hold ,,,, think it run very well today and hindsight should still be holding ...but them's the breaks ... funds have flown into CNB - RMXOI - AGC

[APH1]

Yes it sure is,, did take my profits in HMX with 110% return for just over a month Hold ,,,, think it run very well today and hindsight should still be holding ...but them's the breaks ... funds have flown into CNB - RMXOI - AGC
Well profit is profit so you got to be happy.
I like the look of CNB and LRS had a nice run a couple of days ago and should be more of that to come i believe.

[JBmurc]

Well profit is profit so you got to be happy.
I like the look of CNB and LRS had a nice run a couple of days ago and should be more of that to come i believe.

Checkout POD I was buying truckloads 10.5c other other week... up 50% so far ... looks like Placement to new Investor pretty much less on offer than I hold PGM Copper play 20c incoming 50c target later this year

[APH1]

Checkout POD I was buying truckloads 10.5c other other week... up 50% so far ... looks like Placement to new Investor pretty much less on offer than I hold PGM Copper play 20c incoming 50c target later this year
OK will do thanks for the tip JBmurc

[JBmurc]

As I though HMX has pulled back a good amount today gutted I did wait to near market close yesterday 9c+ .. I just didn't think the results was that amazing when I placed the sell at 7.8c.... so much heat in the ASX Resources market good to see ... keep that coming and I'll break an even higher record Fy..

[Drew95]

Well that was a pleasant surprise. Was sitting on 600,000 of these puppies at a loss a week or so ago, was thinking of selling if I could get my money back. Been too busy to pay attention to my portfolio. Which is sometimes not a bad thing, or I would have sold out far too low.

[JBmurc]

Well that was a pleasant surprise. Was sitting on 600,000 of these puppies at a loss a week or so ago, was thinking of selling if I could get my money back. Been too busy to pay attention to my portfolio. Which is sometimes not a bad thing, or I would have sold out far too low.

Right so 7.5c you must be up ? I was more than happy taking 120%+ return for days to weeks hold ... who knows where this runs from here ..the drill bit will tell the story ..

[Drew95]

Right so 7.5c you must be up ? I was more than happy taking 120%+ return for days to weeks hold ... who knows where this runs from here ..the drill bit will tell the story ..
Yes up around 3 cents on each. Approx 80%. Thanks to you I have been watching these for a while but I had ended up with far more than I had originally intended to hold. The term 'happy ending' now has a second definition!

[yabster]

I bought in around 4's- more for the Gold- but looks like the Copper could be the driver- they have decided to drill a few more holes to see what they have before the wet season hits- then back in April