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Message: Highbank performing well

The following is from this link dated today; http://www.bullmarketrun.com/?s=hbk

Highbank Resources Ltd. (HBK, TSX-V) Update

The first half of December is usually the best time of the year to shop for bargains on the Venture, and one that we’re immediately eying is Highbank Resources (HBK, TSX-V) which is on the verge of putting its Swamp Point North aggregate project near Prince Rupert into production…

There is no shortage of demand for Highbank’s aggregate – even before anticipated LNG business kicks in – and production is expected to gradually ramp up throughout 2015…keep in mind, the port of Prince Rupert is undergoing a massive infrastructure expansion already valued in excess of $40-billion…Highbank holds strategic advantages over any potential competitors, so we see a long-term value-creation situation here that one rarely finds in a Venture company…

Technically, HBK has landed at the top end of an exceptionally strong support band – the “sweet spot”, as we call it – as defined by Fib. support levels which you can see on John’s 2+ year weekly chart…recent weakness can be attributed to some selling to exercise warrants which expired at the end of November

Highbank has been a strong Venture out-performer in 2014 and its 200-day moving average (SMA), currently at 22 cents, continues to rise…

HBK is up half a penny at 20.5 cents as of 8:15 am Pacific after dipping as low as 18 cents intra-day yesterday…as always, perform your own due diligence…

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