One would assume this is the projected expenditure.I am also a...

One would assume this is the projected expenditure.



I am also a punter, thats what we do in the spec end, some can be seen as valued punters, others not so much.

Not too sure where you came up with $800k in escrowed shares. Total value $480k in escrowed shares at 1.2 cents as per announcement + $75k which takes it to a grand total of $555k



Minimum spend by Hippo is $425k within 6 months, you would assume this will involve some drilling etc. Im not here to entice you to buy, this is all my analysis and IMO.

You either have faith in the project hit the BUY button, or if you don't like the project you don't hit the BUY button or you hit the sell button and move along.

I like to be passionate and have faith in the stocks I choose to take a position in. I have been accumulating this stock for the past 6 months with the faith that management would deliver. This project is a nice acquisition IMO, only the beginning, so going to wait for the detail to flow through ASX announcements before analysing further. So far so good, shares escrowed, small capital raise to complete the acquisition. Probably worth waiting until acquisition is completed after DD period.

Cheers