they have debt
net debt around $20-22m at a guess.
Ive done some figures on the ESG holding
HGO has 153,723,529 ords, 24,250,000 opts and 3,540,000 conv notes in ESG.
That gives them a total holding of 181,513,529 shares.
at a recent figure of 55cps in ESG
= $99,830,000m - minus cost of option conversion (15cps) or $3,637,500.
so fully diluted holding at 55c is worth $96.19m to HGO.
HGO MCap at 10c = $34.1m + net debt = approx $55m
so you get left over Kanmantoo Copper, all tenements, and 85% of IIT free and a cool $41m cash!!! to go.
If ESG get a takeover, expect similiar to PES, ie another 100% on SP...or north of $1 per share
so HGO should be the recipients of a cool $200m if that unfolded in 09
if it doesnt, then HGO still have a great investment that will get stronger as they prove up the 1300PJ of 3P
The upside based on cash alone could be 50cps or 400% gains.
very nice leverage into ESG
Disc: added another 50,000 at 10c today
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Last
6.4¢ |
Change
0.001(1.59%) |
Mkt cap ! $134.1M |
Open | High | Low | Value | Volume |
6.4¢ | 6.4¢ | 6.1¢ | $114.1K | 1.820M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 199989 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.4¢ | 425332 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 199989 | 0.062 |
3 | 580136 | 0.061 |
6 | 227106 | 0.060 |
3 | 315000 | 0.059 |
3 | 362000 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 425332 | 2 |
0.065 | 598913 | 3 |
0.066 | 30000 | 1 |
0.067 | 14940 | 1 |
0.068 | 732700 | 5 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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