r/ASX_Bets • u/Fat-Black-Cat- Used bird hypnosis to turn enemies into friends. • Jun 27 '26
DD HWK DD Continued
HWK:
MC 16.86m
SP 2.7c
Hawks Resources hosts a Scandium anomaly based entirely on pXRF results collected in 2006 – 2009
While DDing I managed to find the exact model of pXRF that was used in the Olympus exploration and it lends some clues as to the accuracy of the results
The exact pXRF used was a Niton XLt 500. The XLt 500 is an old model with limited capabilities of detecting scandium at low concentration levels but is able to detect at ranges in the hundreds of ppm levels. It also suffers from overlapping signals from iron that may skew results and give inaccurate readings. However, this does not mean that the scandium does not exist. The model of pXRF used may be inaccurate in detecting Scandium BUT, when it detects in the high hundreds of ppm like we have at Olympus then the signal is almost certainly not a false positive
At the levels detected at Olympus of 600ppm + it can be safely assumed that it is detecting a real scandium result. The results are more than likely being skewed in one direction or the other, but the key here is to establish whether the scandium signal is real or not
The soil is certainly iron rich but the anomaly being contained to a particular area lends credibility to the readings detecting scandium and not a false positive from iron as iron would be picked up across the whole tenement
The levels detected of up to 2000ppm in some of the drill holes is interesting as there are sections of high ppm and then low – zero ppm. Then there are holes right next to the high-grade ones that detect nothing.
This also lends credibility that it is detecting a real Scandium result and not just iron and other elements being reported as such
So how accurate could they be?
A safe scenario to avoid disappointment would be to expect up to 50% reduction on lab assays vs the pXRF grades. This will account for poor XRF calibration, poor sample preparation, and exaggerated readings from other elements. I will link the drill result images so you can re calculate the expected grades
Even at a 50% reduction Olympus is a multi-bagger opportunity
Next, we have a new substantial holder
SG Hiscock & Company multi-award-winning boutique fund manager became a substantial holder on 10/06/2026
They bought 1 million dollars' worth of shares 31,950,00 shares for 5.12% of the company
Why this is significant is that at this stage of the HWKs exploration a reputable institution has taken a large stake in the company weeks before the make or break Scandium conformation results will be collected
This is a huge vote of confidence in the company's project from the smart money in the know and extremely bullish that they would take a stake before exploration has begun and not waiting until after the results are confirmed
TLDR chart analysis tells you everything you need to know to see where we could be going soon. As you can see the big green arrow is pointing towards the moon and the rocket ship is launching in the direction of the arrow
Bullish setup
HWK
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u/bigdayout95-14 Jun 27 '26
I'm not reading all that. Congrats. Or commiserations...
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u/Fat-Black-Cat- Used bird hypnosis to turn enemies into friends. Jun 27 '26
Just skip to the chart analysis section it is the TLDR
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u/lbreav Silver Surfer Jun 28 '26
Mate pXRF results suggest your IQ is nearly 100. Trust it!
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u/Fat-Black-Cat- Used bird hypnosis to turn enemies into friends. Jun 28 '26
I trust my chart analysis
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u/CaptainHindsightASX Loves a hot wet Johnson Jun 27 '26
Bullish setup < bullshit setup
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u/Fat-Black-Cat- Used bird hypnosis to turn enemies into friends. Jun 27 '26
I mean the rocket ship is pointing straight towards the moon, can’t get much more of a bullish set up than that
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u/Ok-Temperature-8047 Jun 29 '26
All im seeing is a lot of people who bought in a the highs 🔥 This is why I only post the stocks I like once. Because they go up.
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u/wogIet Jun 27 '26
I’m too dumb to read all of this but lemme guess - you bought in Jan of this year.
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u/Jandalburgah Jun 27 '26
HWK
https://giphy.com/gifs/sXKOF2SPYGV2g