I believe HMY will be trading below $2 again. Here's the list of reasons:
1. The labor dispute is unending. Even though management signed a contract with labor union, it may be short-lived as more and more members are planing another strike soon.
2. God price is not going up anytime soon. If fact, it may even go down further.
3. It appears that interest may be stable for the remaining of the year or until the US election is over.
4. Hedge funds and whales are getting out of this security, because of its lethargic share price.
I am inclined to take a short position.
Just my humble opinion. Please do your own DD before taking any action.
Released a downgrade by buddy financial reporters is the cheapest way to steal your shares on the cheap!
I am holding mine no matter what. I have no doubt that this company is worth at least $5B. There are known reserves of god, silver and other mineral owned by HMY worth at least $55B now!
My extensive research of HMY during the past weeks convinces me that HMY should be worth at least $5B now! Huge hedge funds were dumb enough to sell below $1. They knew nothing about this company and they are mostly kiddy funds. Based on my analysis, my raking up more shares on Monday. At last count, I am at 150000 shares at an average price of $1.55.