Is a warm feeling to feel when you pick a right stock. I bought in at the high at 17.5c after doing my own research. up 40% since then.
Frieda book value in the past annual reports was $50m. That time the share book value was lingering around 16c. All i can say is, Frieda could potentially be one of the world's biggest gold and copper mines in the future. HIG should be held as a long term position, or as part of a super fund for growth.
Ramu cash flow is near at our finger tips riding on support from the Chinese. A free carried interest. With mines operating at significant low cash cost. Surely analyst eyes will be gleaming over the figures. Well, it has for me.
Long term hold. Market cap still relatively low with plenty of upside. In my opinion, a multibagger in the years to come.
All the best to all holders
LM
HIG Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held