More than 12 months to deliver the DFS seems a long time to me given all the work to date done by HXG, then they make a decision whether to mine or not? It would explain why the share price has gone backwards since the Min Res deal was announced. I don’t see the share price going anywhere but lower until the DFS completed and a decision whether to mine or not is made. Sell or bottom draw for a couple of years is how I see it.
I forgot to change sentiment to sell.
Ann: HXG and MRL commence McIntosh Definitive Feasibility Study, page-3
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Last
2.1¢ |
Change
-0.004(16.0%) |
Mkt cap ! $10.77M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.1¢ | $18.12K | 795.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 488332 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 174183 | 3 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| HXG (ASX) Chart |