Bilow:
Short-term, there may be a small pull-back in HL common, but longer-term technicals indicate an advance in share price.
Contrary to your concern about the size of the float, it is not in disproportion to the company's size, but rather, a reflection of the bear-market this stock had been in. As metals advance in price to levels commensurate with bull-market demand, capitalizations will enlarge geometrically. Therefore, as Hecla approaches a market capitalization of $1-3 billions, (and during this coming bull-market, it will), the float would actually appear a bit small. Of course, as revenues grow, so will the expansion of the float, never to be out of
proportion to the comapny's size.
Yours, T.V.H. |
