HGO 1.25% 8.1¢ hillgrove resources limited

Hi M,Great to see you a bit happier. I think there is still time...

  1. VYR
    4,412 Posts.
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    Hi M,

    Great to see you a bit happier. I think there is still time to buy cheaper that the people who subscribed to the placement hoping to win big fees or a quick profit. Likely very few long term holders in people who subscribe for shares in a small cap placement.

    Its pretty obvious HGO didn't give the shares away too cheaply in the current market. Whilst the fall in price is a bitter pill a big jump would have been worse. Better to wait a while for the big jump knowing a good deal for the existing shareholders was achieved.

    Look at all the big round numbers on the sell side.

    https://hotcopper.com.au/data/attachments/5996/5996924-a13dc911cdc0888b75af053e624bbb2a.jpg
    https://hotcopper.com.au/data/attachments/5996/5996927-016d26c7240490760d0058487806682d.jpg

 
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