Still keeping an eye on HGO, yes it is a company with great potential.
Interesting to see the reasoning behind the disappointment of the shareholders.
As you know I was a believer in HGO, but took my money (admittedly nice profit and put it in SVL, months ago, a very good move I am proud to say), and said goodbye.
Why? Because somehow management have their own agenda to which the shareholder was not privy!
Even when an objective goal was announced, in the last moments it would be disregarded for another undisclosed goal. Classically, the JV of Kanmantoo, long awaited, to go solo.
Instead of trying to explain share value loss with all the external factors, why not just admit that management are not to be trusted.
To me it demonstrated total disregard for the shareholder.
I will not invest in a company which shows no respect for the shareholder!
Call a spade a spade. Don't look outside for justification and hope. Yes the dividends are nice, but really are a form of appeasement to the shareholders, to shut them up and keep them in place and not question too much what they do.
Yagona, you have put so much energy into HGO, I suspect you know it better than management does. An optimist, you. as was I, we were waiting for things to fall into place! Nothing has, maybe it will. That you can maintain such unerring faith is testament to your rich character! But are you being honest to yourself? Is HGO worthy of your devotion? Your belief is costing you dearly!
All the best to you Yagona and other HGO shareholders.
Hold on tightly, but know when to let go lightly, and say goodbye!
HGO Price at posting:
27.5¢ Sentiment: Sell Disclosure: Not Held
