This just doesn’t make sense:
1. We have Ariadne as a substantial shareholder
2. Ariadne have a significant amount of cash ready to immediately deploy
3. HGO recently raised money by selling part of their future royalties to Freepoint in a deal that can only be described as an extremely poor result for shareholders
4. HGO still can’t get finance approval for FID
5. HGO keep representing that they will be one of the lowest mining cost producers in the world
6. Yet they still can’t raise funds.
Is the relationship between HGO and Ariadne so strained that they can’t work together for a common cause?
I’m starting to think that if there is no FID by calendar year end, then perhaps it’s time for management to make room for people that CAN GET THE JOB DONE.
This is now bordering on the ridiculous!
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $91.49M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.4¢ | $400.5K | 11.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1374550 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 399662 | 4 |
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| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| HGO (ASX) Chart |