That is a tough question. The thing about HRN is the extremely low float available for trading. The executives in both companies (actually same people) have a history of wealth creation. The mc is very low right now for what these guys might find. So, in that regard I wouldn't wait for any pull-back from this point (not to say it might not happen) because the potential upside is very large. I believe AOI set up HRN so that it could be sold off once they establish some large reserves. The other reason I think they set it up this way was to eliminate the geopolitical risk from AOI in case crap happens. The other reasons for this is that if a successful spin-off is accomplished, it will load up the coffers for AOI to go on an aggressive drill campaign.

I was equally balanced between OYL-AOI-HRN, but with the recent spikes in the other 2 :) that balance has changed. I think all 3 should be atleast 10 baggers from here, however I really believe they will be much higher with patience.

It's exciting, because all 3 have drills going and all 3 might reach TD around the same time.

Skier