Your dead right about the share price movements.
I had a bit of time so went in search of confirmation that something sinister happened at the Conference and had a look at HGO compared to the mining and metals sector.
It seems nothing sinister happened .
Between the 8/02 and the 20/02 HGO went from 7.3 to 7.1 and the sector went from 7.3 to 7.2
The announcement and conference caused an increase in volume and HGO went up 0.5 to 7.8 and the sector stayed steady at 7.3
The day after the conference 8m shares changed hands as the traders moved on and
HGO dropped to to 7.1 as they exited. The sector finished at 7.2.
It seems its all just the crazy market acting like a flock of sheep following itself around.
I'm reminded of the chap wearing a Cap with two peaks one at 9 o'clock and one and 3 o'clock with the caption. I'm their leader which way did they go.
Take away.
During the development stage buying that is based on good vibes will temporarily kick the price up but won't be sustainable. We need to get the runs on the board and cash balances building for a sustained improvement in the price IMO.
- Forums
- ASX - By Stock
- HGO
- Q&A with Lachlan Wallace of Hillgrove Resources
Q&A with Lachlan Wallace of Hillgrove Resources, page-16
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HGO (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $127.8M |
Open | High | Low | Value | Volume |
5.9¢ | 6.1¢ | 5.8¢ | $339.2K | 5.792M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 103904 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.1¢ | 168658 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 103904 | 0.060 |
1 | 10000 | 0.059 |
6 | 513255 | 0.058 |
10 | 858277 | 0.057 |
9 | 654731 | 0.056 |
Price($) | Vol. | No. |
---|---|---|
0.061 | 168658 | 2 |
0.062 | 140000 | 1 |
0.063 | 260829 | 2 |
0.064 | 1105569 | 1 |
0.065 | 148942 | 4 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
HGO (ASX) Chart |