CYM has just suspended itself until the end of March when much heralded finance fell through .
It looks dire for share holders there .At best a big SP drop at worst VA.
CYM had a challenging amount of money to raise through a bond issue and a large contingent equity raise for a mine that had failed before .
I hope that does not affect the share price here because HGO's situation is in no way comparable .
A very small amount of capital required to start up , a fair amount of which is just working capital until first revenue .
Any start up cost over runs will be quite modest and a proven plant in identical ore it successfully processed previously .
A mine life that is longer than that required to pay back loans and is extremely likely to have a mine life that will be multiples of what has been proven so far .
However Markets being Markets if we suffer contagion I will see it as a buying opportunity .
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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 |