From my rough calculations there will be 1.829 billion shares on offer after the CR. With an estimated $205m after tax income over 45 months - approx $55 pa., that works out at 3 cps. That is a pretty good return or a pe of 2.
There should be no reason that, once revenue is underway, HGO could comfortably pay 1.5 cps as a ff dividend pa.
There is no payback to a third party as HGO will be debt free and hopefully in a space where the commodity price is rising.
The new plan gets us into production. We are raising a measly $35m to move to almost immediate production - owning the lot - $200m + plant, a working mine with proven reserves and future opportunities to keep us in production for many years to come.
Just on a pe of a pathetic 5 the share price would be 15cps.
This to me looks like a brilliant opportunity.
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Last
6.6¢ |
Change
0.004(5.60%) |
Mkt cap ! $138.3M |
Open | High | Low | Value | Volume |
6.4¢ | 6.8¢ | 6.4¢ | $559.0K | 8.559M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1802268 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.6¢ | 453349 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1665345 | 0.065 |
5 | 276888 | 0.064 |
5 | 663000 | 0.063 |
2 | 1076 | 0.062 |
2 | 98034 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 453349 | 3 |
0.067 | 343658 | 4 |
0.068 | 374996 | 7 |
0.069 | 1255628 | 8 |
0.070 | 1177405 | 6 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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