Hi
What have they failed on?
Firstly, I am not jumping with joy regarding my holding getting diluted.
On the other hand, someone said best to have more shares in a company producing, than less shares in a company not.
I agree with that.
I also read someone mentioned they could have borrowed money. I would have thought that as well. I am not sure what they would have paid if it was borrowed, but think it would have been higher than 10 %. Someone will have a better idea on what the rate would be for a company in our position. It would have cost us a bit in interest if it took a year or so to pay back. I know they were working on 7 months, but things never run to plan. Now the money is sorted, no interest payments which is a huge positive.
It takes time to restart. Management have done their best with very little money. It could be a lot worse.
Who knows what the results will be? Free cash? Dividends? using some cash to do a share buyback? merger?
Or will someone come and make a cash offer for HGO.
All in all, lots of things could happen over the next years. I am looking forward to it.
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Last
5.4¢ |
Change
-0.002(3.57%) |
Mkt cap ! $113.1M |
Open | High | Low | Value | Volume |
5.6¢ | 5.6¢ | 5.4¢ | $123.0K | 2.224M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1071479 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 174787 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1071479 | 0.054 |
13 | 769623 | 0.053 |
7 | 908009 | 0.052 |
4 | 469627 | 0.051 |
8 | 340012 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 174787 | 1 |
0.057 | 336617 | 4 |
0.058 | 237237 | 3 |
0.059 | 1961352 | 6 |
0.060 | 4965481 | 7 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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