My guess is that Kanmantoo will proceed with a JV agreement pretty soon now that they also have some cash. The decision to sell ESG now must be a precursor to a JV agreement which required HGO to kick in cash. Management will be wanting to share cost of developement and have some cash to expand company resources through further exploration of EPL's both locally and o's. HGO have some good assets that need cash to develope a resource.
I imagine there will be a rush of announcements from HGO now.
sale of esg investment and now very cashed up, page-2
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Last
5.7¢ |
Change
-0.002(3.39%) |
Mkt cap ! $121.5M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 5.9¢ | 5.7¢ | $21.60K | 373.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 269018 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 150432 | 4 |
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| Last trade - 12.48pm 20/08/2024 (20 minute delay) ? |
| HGO (ASX) Chart |