HGO 1.59% 6.4¢ hillgrove resources limited

Ann: $10 Million Placement To Fund Mine Extension Drilling, page-39

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  1. VYR
    4,680 Posts.
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    Hi Foyt,

    Don't be disheartened. To be listed on NASDAQ you have to have 4 market makers supporting the stock. They are hedge funds who actively buy shares to support the price and convince punters to buy on market so they can sell them at a profit. Wags or Wolves , take your pick.

    HGO for a short time has got its own market maker if I am correct.

    The difference here is our Wag isn't trying to make money in the market fleecing his clients he is trying to make money raising capital for the company.

    Having got your mind around accountants putting brackets around mining costs relating to unsold ore and turning a negative cost into a positive by recording it as an inventory asset this is easy to understand.

    When the dollars that the broker enticed onto the buy side disappear in a sale put brackets around them and turn them into contributed capital. Another asset created Bravo.

    Without the Broker spooking amongst his clients the dollars wouldn't be there so nothing to really be disheartened about.

    Lucky there isn't a law against a brokers selling shares on market to their clients without a prospectus. Nonsense I know but its the grease that makes the world go around.
 
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