I rang the company to ask a few questions about the Sensitivity Tornado in the Expert's report. Although there are no figures quoted it looks like the variations are based on +/- 10%.
However directors and management cannot understand the low share price level compared to the cash flow figures provided. Nor can I but it's good to see a bit of upward movement.
It is a very confusing report but I believe the most appropriate figures for a shareholder looking at cash flow available (after debt/ creditor repayment) are 2017 $6.3m, 2018 $50.9m, 2019 $51.1m, 2020 $9.3m. This provides a discounted total of $102.4m to which should be added (10% lift in copper price: $21.4m) and (5% reduction in forex rate:$6m) for a total of $129.8m (22.8 cents per share).
In layman's terms that means if you bought HGO shares today at 23 cents you should expect a nominal rate of return of 9.6% per annum. That looks like a buy to me! It also excludes any value from underground resources (which could be in a mining phase within 12 months) and exploration prospects.
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Last
6.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.9M |
Open | High | Low | Value | Volume |
6.6¢ | 6.6¢ | 6.2¢ | $385.2K | 5.964M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1408295 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 392626 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 1313295 | 0.062 |
9 | 736579 | 0.061 |
16 | 1526315 | 0.060 |
9 | 957817 | 0.059 |
9 | 667237 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 392626 | 1 |
0.064 | 445433 | 2 |
0.066 | 315625 | 2 |
0.067 | 349253 | 3 |
0.068 | 565402 | 4 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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HGO (ASX) Chart |