My take away from all this is that the financial accounts will make interesting reading now the new CFO is on board. I have no reason to assume that the underlying good result's will now be better presented.
its a relief to me that now the heavy lifting for Nugent is funded, enough cash flow is present to fund the very necessary cost reduction efforts and further exploration. We must avoid yet another CR in my view and I think we will.
At some point these costs and re-investment of profits will reduce and free cash will build, a great day indeed. As has been pointed out by lots of posters, the key is that free cash is likely to be high compared to the current market cap.
it’s frustrating that the sp remains low in view of this scenario, which given the current and hopefully continued supportive cu price, is likely to come true.
HGO Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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