G'day uphillnow
Explorers have to explore!
I think HLX has only 424 million shares on issue – after being listed in the 1980s. I used to think that was a badge of honour – but not any more. Here's why …
There have been numerous company-making opportunities over the last 30+ years for an explorer with talented staff (as Helix has). Since exploration involves putting $ in the ground, there will always be a need to issue more stock until you hit the jackpot. That's the nature of the business; you've got to be in it to win it.
Let's not waste our potential
Helix has had some great results – with its gold acreage and the copper acreage, but recently hasn't been anywhere near active enough, IMO. For example, as per @marc's recent post, who would have thought we would have done nothing with our gold acreage with the $AU gold price > $2000?!
It's infuriating to have talented exploration staff and so many high potential assets and then not to do enough exploration. It doesn't help shareholders in the long run because $ still get chewed up in management salaries, ASX listing fees and other corporate expenses.
Fortune favours the brave …
Another explorer that I've been involved with for years recently made a crucial personnel change after a period of underactivity, and got after a new gold project that others had sat on for years. The stock has almost 4 bagged within as many months!
The current shackles must be released at Helix – well before the forthcoming AGM, IMO. As Jon English sung, "words are not enough …"
- Forums
- ASX - By Stock
- HLX
- Cobar gold !
Cobar gold !, page-33
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HLX (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.68M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $450 | 100K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 42913831 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 25575685 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 42913831 | 0.004 |
35 | 54141303 | 0.003 |
59 | 165821974 | 0.002 |
15 | 96099981 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 25575685 | 17 |
0.006 | 37060764 | 30 |
0.007 | 12700117 | 8 |
0.008 | 15748969 | 10 |
0.009 | 10852302 | 8 |
Last trade - 15.21pm 05/09/2024 (20 minute delay) ? |
Featured News
HLX (ASX) Chart |