The problem is that HGO is considered a small mining company and there is not a lot of investors chasing and holding onto the stock. ie Liquidity.
If a major stakeholder drops a large parcel of shares onto the HGO market - the floor just goes. There really is not enough support.
You've got to wait for sizable players to take an interest in HGO - ie bigtime investors who buy and hold the stock for at least 1 year. And don't simply have an opportunistic speculative mentality and sell it the next moment the share price runs up on a whim.
You also have the problem of geography. HGO's mine is far south - its a bit more harder to ferry the copper from Adelaide to up north, ie China - where most of our stuff is going.
But we'll see shall we? I'm getting a drink.
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copper us$3.35/lb, page-7
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Last
5.8¢ |
Change
0.004(7.41%) |
Mkt cap ! $121.5M |
Open | High | Low | Value | Volume |
5.5¢ | 5.9¢ | 5.5¢ | $181.9K | 3.179M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 837996 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 0.058 |
1 | 300000 | 0.057 |
1 | 110000 | 0.056 |
6 | 424100 | 0.055 |
3 | 288743 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 753251 | 3 |
0.060 | 5032148 | 7 |
0.061 | 101460 | 3 |
0.062 | 140000 | 1 |
0.063 | 120829 | 1 |
Last trade - 15.45pm 16/08/2024 (20 minute delay) ? |
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HGO (ASX) Chart |