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HGO

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0.79%

6.3¢ hillgrove resources limited

Quarterly report, page-5

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curiouswon

3,876 Posts.

576

02/08/17

10:01

Post #: 26233371
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Originally posted by VYR ↑

Hopefully the company will keep quite and Foyt's prediction will eventuate.
Great news for the rest of us if others don't convert..

Having the mid life rebuild behind us before we hit pay dirt and the cash starts to flow should have a very positive effect on the 2018 share price.

Whilst the bonanza buying opportunity at 3c is gone for those who don't hold options the opportunity to get in relatively cheaply will be available until the market actually sees the black ink next year.

The market is a very shorted sighted beast that often presents great opportunities to anyone with a bit of forward vision. This could well be one of the exceptional opportunities that it throws up.

Whilst things like wall slips are always possible the big risk factor now seems to be the copper price. There is good news on many fronts in that space.

Expand

Surely nearly all option holders will convert - the about 178M options are as below:

The Options will be exercisable at $0.03 each and will expire on 20 September 2017. The Options, if exercised, would raise up to a further $5,643,279 in additional funds.

Even if you don't want to continue as part of the company, exercise at 3c and sell at 8c or more seems a "no brainer!"

HGO Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
2 Upvote

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(20min delay)
Last 6.3¢		Change -0.001(0.79%)		Mkt cap ! $130.9M

Open	High	Low	Value	Volume
6.4¢	6.4¢	6.2¢	$112.3K	1.806M

Buyers (Bids)

No.	Vol.	Price($)
1	48306	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.3¢	518333	3

View Market Depth

No.	Vol.	Price($)
1	48306	0.062
2	1049733	0.061
3	413360	0.060
1	350000	0.059
4	487242	0.058

Price($)	Vol.	No.
0.063	518333	3
0.064	851344	4
0.065	147608	5
0.066	375516	4
0.067	827494	3

Last trade - 15.47pm 11/11/2024 (20 minute delay)

HGO (ASX) Chart

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