Face it: HLX blew it by not following up on the Gold hits they achieved in the past, and are now paying the price - with no funds to exploit the current surging Gold price.
They've spread their dosh around too thinly, including (mis)adventures in South America.
They should do an IPO of the Gold assets retaining a large ownership stake, which could be sold down partially later to fix up the HLX balance sheet. It won't be done as they are too dumb and one-dimensional in their thinking.
Cobar gold !, page-6
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