In regards to price targets (and caution required because this is purely a technical view), I did a little basic charting over the weekend on IOG.LN which I also own.
As some may know IOG is a neighbour of HHR, with very similar assets but a couple of years advanced. They have already farmed out for full funding into production and retain 50%.
The below chart is where I think IOG will go over the next year or so, based on a simple long term measuring technique that has stood me well in the past.
Anyway, with 619 mill shares on issue and a price target of 76p, IOG would be valued at a MC of £470 mill, or $900 mill AUD for a 50% share of their assets.
That would be the equivalent of 97c a share for HHR. However, that is an undiluted value. But even if you were to half that 48c post funding dilution, thats still a 24 bagger
Long way to go yet, but Tamaruler's 3-4 x is an easily gettable target IMO.
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Mkt cap ! $16.85M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.6¢ | $32.53K | 5.183M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 11086175 | 0.6¢ |
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Price($) | Vol. | No. |
---|---|---|
0.7¢ | 4404864 | 7 |
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No. | Vol. | Price($) |
---|---|---|
28 | 11086175 | 0.006 |
26 | 8182599 | 0.005 |
8 | 5287749 | 0.004 |
2 | 3600000 | 0.003 |
2 | 4000000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 4404864 | 7 |
0.008 | 6271055 | 10 |
0.009 | 5733331 | 12 |
0.010 | 9816102 | 9 |
0.011 | 2020777 | 3 |
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