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HGO

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1.67%

6.1¢ hillgrove resources limited

Ann: Quarterly Activity Report and Appendix 5B for 30 June 2024, page-25

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Alee26

2,272 Posts.

259

01/08/24

16:36

Post #: 75030819
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Originally posted by VYR: ↑

"wtf is going on!"

Opportunity on steroids.

Worth remembering that when the copper price was sitting at us $3.92 HGO was at 9.4c.

The CR in Feb and the Loss of Lachlan in June spooked the market and attracted short selling. Worth noting that the shorts started to fall
on Friday. It will be surprising if they haven't fallen further this week.

Looking forward to them flat lining at 0.

Found time to calculate what the cash flow might look like when enough stopes are opened up to run the plant half full processing high grades.

A share price of 3X free cash flow would give us a market cap of $411m. Getting into the All ordinaries might be a close call.

Expand

VYR, I was buying a few other copper positions yesterday but here. As someone posted on HC, some of us are a bit overweight with HGO, with no intentions to buy more, just a matter of discipline and diversification. HGO BOD should attract new buyers, apparently current holders not interested to add more.

HGO Price at posting: 6.1¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 6.1¢		Change 0.001(1.67%)		Mkt cap ! $127.8M

Open	High	Low	Value	Volume
6.0¢	6.2¢	5.9¢	$175.1K	2.918M

Buyers (Bids)

No.	Vol.	Price($)
3	241696	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.1¢	377434	2

View Market Depth

No.	Vol.	Price($)
3	241696	0.060
4	521975	0.059
14	1452773	0.058
6	757000	0.057
7	726874	0.056

Price($)	Vol.	No.
0.061	377434	2
0.063	260829	2
0.065	148942	4
0.066	168000	1
0.068	30000	1

Last trade - 16.10pm 01/08/2024 (20 minute delay)

HGO (ASX) Chart