In my view this is a painful but important de-risking of the project. We do need multiple ways to access ore given an unexpected turn of events may currently stop the flow of the life blood of the business.
As a long termer I had hoped for organic growth and no more raising but we are getting something for our money not just topping up working capital.
My biggest take away is that the geology is cooperating with the UG mining. The pit mining was always constrained by a difficult pit inherited from the 1970s mining effort. With competent engineering the UG design can be a ripper - it’s within the businesses control.
Ann: $16m Placement and SPP to Increase Copper Production, page-14
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Last
3.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $101.8M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 4.0¢ | 3.8¢ | $91.19K | 2.338M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 3817342 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 257433 | 2 |
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| Last trade - 15.38pm 17/06/2025 (20 minute delay) ? |
| HGO (ASX) Chart |