I feel a market correction is coming, so I'm taking a hard look at my portfolio, and HGO is top of my list for turning into cash. Even with the best case scenario for HGO, profits are years away, and dividends .... like most mining companies they are largely a mirage that keeps panglossian investors supporting long shots, staffed with over paid executives and management.
Stocks that I'm keeping are near term success stories like RED5, and coal stocks like AHQ and BCB, which are already multi-baggers.
Any stock thats come CR will not get much support, hence no point in early entry, so keeping some cash for these good stories when their CR eventuate will offer good entry points, especially in the near ending "climate saving", industries of the future, like 'battery metals/commodities' etc.
Its amusing that panglossian SH's expect perfect correlation of their speculative stock with commodity prices even though many don't have cash nor FID ..... hope is an emotion, not an reliable investment strategy.
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Last
5.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $111.0M |
Open | High | Low | Value | Volume |
5.3¢ | 5.3¢ | 5.2¢ | $106.5K | 2.030M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19995 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 786598 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19995 | 0.052 |
4 | 675412 | 0.051 |
13 | 1834020 | 0.050 |
3 | 71641 | 0.049 |
1 | 62500 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 786598 | 3 |
0.054 | 962730 | 1 |
0.055 | 1649059 | 2 |
0.056 | 488371 | 2 |
0.057 | 520254 | 3 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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