Lots of cash, so many options.
I suspected the market would not fully value HGO today. Not even valuing them at their cash position.
To be expected.
A capital return or buyback would be good. Any buyback with HGO trading at a substantial discount to cash backing would be highly value accretive per share.
So would an investment in a cash-poor asset rich junior. And not forgetting Kanmantoo...
Ask yourself these questions
(1) With STO's move yesterday, do you think their is a greater or lesser chance of ESG being taken over?
(2) At what price do you think a takeover would be successful?
(3) Work out what HGO would recieve in the event of a takeover...
Free option to the upside in ESG (jn the event of a takeover). No need for any share dilution. Even if ESG has to raise more capital, HGO's upside remains undiluted!
Y
poor show, page-2
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HGO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.6¢ |
Change
-0.001(1.49%) |
Mkt cap ! $138.3M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 6.6¢ | 6.5¢ | $44.34K | 675.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1359595 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.6¢ | 1180368 | 5 |
View Market Depth
| Last trade - 15.57pm 01/11/2024 (20 minute delay) ? |
| HGO (ASX) Chart |