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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (115849)	6/22/2023 10:00:30 AM
From: Goose94	Respond to of 203026

Hudson Resources (HUD-V) new 52 week high, 8 cents in half decent vol.

To: Goose94 who wrote (115849)	9/21/2023 4:44:57 AM
From: Goose94	Read Replies (1) \| Respond to of 203026

Hudson Resources (HUD-V) remains all cashed up and ready to roll -- but to where is the question. Hudson, founded by Jamie Tuer 21 years ago, and managed by him as president until he was replaced by Mr. Cambon four years ago, traded as high as $2.41 in 2007 on the strength of its Garnet Lake diamond project in southwestern Greenland. After a 2009 crash and a Garnet Lake mini-bulk flop, Hudson got back to $1.86 on enthusiasm for its Sarfartoq rare earth project, also in southwestern Greenland -- only to shrivel anew when the rare earth sector did its typical cyclical crash later that year. In 2017, Hudson fought its way back to 80 cents on the strength of its White Mountain anorthosite project, another mineral on another southwestern Greenland prospect. Two years later, with White Mountain struggling, and with Hudson's stock hanging tough just above the 40-cent mark, the company sent Mr. Tuer packing. It has not been a good four years since then and so Hudson closed unchanged at 3.5 cents on 8,000 shares today. That price implies a market value of $6.3-million, not much beyond the $3.6-million in cash on hand at the end of June. With essentially zero liabilities, investors are contemplating a renewed effort by Hudson -- somewhere. Garnet Lake and its diamonds are long gone of course, and White Mountain has certainly shrivelled out of Hudson's grasp. Mr. Cambon, president, and his crew applaud Hudson's focus "on being a leader in the exploration, development and production of green mineral products and technologies from anorthosite," pointing to its "over eight years of developing and marketing anorthosite products" by bringing its White Mountain mine into production. Unfortunately, the construction took longer than expected and the production delivered much less than expected, and so Hudson, which indeed discovered and shepherded the project through construction in the late 2010s, now owns just a 31.1-per-cent interest. As for how the producing is going, Mr. Cambon and his company say little, but the company does not record any revenue on its latest quarterly financial report. Meanwhile, Hudson's treasury is brimming with cash, thanks to its sale earlier this year of its Sarfartoq exploration licence. The sale, to Neo Performance Materials Inc.(NEO-T), gave that company a 95-per-cent interest in Sarfartoq in exchange for $3.5-million (U.S.) in cash. (Hudson retains a 5-per-cent interest in the holding subsidiary, Neo North Star Resources Inc.) And so, with the closing of that sale, the ST1 rare earth deposit and the Nukittooq niobium-tantalum deposits now belong to Neo Performance. As for what is left, well, Hudson still owns the Gronne Bjerg mineral claim -- an anorthosite project that is the only remaining mineral exploration project still under its control. In June, Mr. Cambon applauded word that reconnaissance sampling at Gronne Bjerg -- 29 tests across 3,900 hectares -- had returned an average of 32 per cent aluminum oxide, 47 per cent silicon oxide, 15 per cent calcium oxide, 2.3 per cent sodium oxide and 1.2 per cent iron oxide. Mr. Cambon and his crew say that based on the "high chemical quality of anorthosite sampled," they have started a testing program at a Canadian lab, whereby it seeks to produce a waste-free, smelter-grade alumina using the same process it designed several years ago when the White Mountain project was also an alumina prospect. (Mr. Tuer and his then team had pushed the alumina concept to the dream sheet stage in 2015.) Investors will have to wait a month or so more for results of this latest testing, but Mr. Cambon is already looking ahead to further research and development, and to more exploration at Gronne Bjerg to further define the anorthosite body. He and Hudson cheer anorthosite as "the future for green aluminum production" that will be increasingly demanded by consumers. It was the past for Hudson, but whether it will be its future, well, stay tuned. Will Purcell