I'd expect judging by previous quarterly announcements that the quarterly report is due next Thursday or Friday. I'm stating the obvious when I say that this report is very important for HIG. Ideally, amongst other things we need to hear that:
- the mine has been ramped up to full production
- that forecasted gold was produced and shipped
- that the improved grade control and mining practices did indeed positively impact production grades
Until next weeks announcement I'd expect the share price to remain in a very tight range between .1950 to .2050 as it has for the past 8 trading days. If the announcement is positive and confidence is restored, then HIG will take off and head into the 30's and beyond. If not, then although the stock is already hugely undervalued and alot of the downside is already built in, it could still get ugly in the short term. Roll on next week.
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