HGO 2.99% 6.9¢ hillgrove resources limited

Analyst reports, page-17

  1. 1,249 Posts.
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    Hi Okra,
    Welcome back and thanks for the T/U.
    HGO gets both gold and silver credits from content in its final concentrate although it does not produce either as a "stand alone" product.
    Bingjo, we are all exercising patience in the extreme and most of us more than a little frustrated by the lack of market support. However, you would do well to remember that the company is in the middle of a sale process of unmarketable parcels of shares (holdings less than $500) for small shareholders and if they hold true to schedule those shares will come on market over the coming week (from Wednesday ?) - So, it is unlikely that there will be any upward pressure until the processs is finished ( to put it lightly!!). Once that is done (with hopefully not too much more carnage), things could change - perhaps we might then see an announcement re re financing or an update on the next chunk of debt retirement.
    Hold tight man.
    ps Does anyone else think that the 12 month high and low for the sp as shown on Commsec (haven't looked at other platforms) is doing this stock a great disservice in its innaccuracy. Anyone looking at HGO as a newcomer would think it is trading near historic highs instead of the actual case of historic lows ( the low price is pre consolidation and the high is post consolidation - comparing apples with pears!) - If you did some research that convinced you the company was performing pretty solidly and were considering investing -from which level would you prefer to act? Surely they can get this right!? come on CommSec.

    cheers Foyt
 
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