hdg vs adu - a massive black swan gold play

* HDG: 48mln shares at 17c or $8.16mln and a healthy cash balance.
* ADU: 390mln shares at 50c or $195mln.


HDG's Ghana gold play is only 1.5km from ADU.... I know early stage but for a "black swan" punt, HDG has massive upside.... even at 50c, its market cap is only $25mln, still a miniscule compare to ADU at current $195mln.

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And director is backing up with on-market purchse at 14c.... there has been constant lots of 100k of HDG units at 16c.... accumulation IMHO.