$HZR and by association HZRO looks set to break to the upside in coming days and will likely present some opportunities. There has been growing pressure on the supply range at 30c for several weeks now and as the range trims the likelihood of a break increases. The gap at 31.5c is first target which is around 7% from current SP and this will set the scene for a push through the easy lifting 30-40c range offering a 36% move if it plays out. The stretch target being major resistance at 50c represents an upside move of 71%
With management currently conducting roadshows and high net worth meetings it's likely that over the coming weeks interest grows. The other catalyst is that MIN.ASX who have partnered with Hazer Group will soon be beginning to commission a facility to produce high purity battery grade graphite. With the HZRO expiring at the end of 2018 and having a strike price of 30c management are highly likely to deliver a very strong news flow.
With management currently conducting roadshows and high net worth meetings it's likely that over the coming weeks interest grows. The other catalyst is that MIN.ASX who have partnered with Hazer Group will soon be beginning to commission a facility to produce high purity battery grade graphite. With the HZRO expiring at the end of 2018 and having a strike price of 30c management are highly likely to deliver a very strong news flow.