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
6.7¢ |
Change
0.001(1.52%) |
Mkt cap ! $140.4M |
Open | High | Low | Value | Volume |
6.6¢ | 6.9¢ | 6.6¢ | $151.5K | 2.262M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 546989 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 92468 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 546989 | 0.066 |
4 | 416844 | 0.065 |
6 | 444408 | 0.064 |
6 | 354576 | 0.063 |
7 | 654103 | 0.062 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 92468 | 2 |
0.068 | 62477 | 2 |
0.069 | 412735 | 2 |
0.070 | 336580 | 7 |
0.071 | 130000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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