HGO 1.52% 6.7¢ hillgrove resources limited

CYM has just suspended itself until the end of March when much...

  1. 4,770 Posts.
    lightbulb Created with Sketch. 2233
    CYM has just suspended itself until the end of March when much heralded finance fell through .
    It looks dire for share holders there .At best a big SP drop at worst VA.
    CYM had a challenging amount of money to raise through a bond issue and a large contingent equity raise for a mine that had failed before .

    I hope that does not affect the share price here because HGO's situation is in no way comparable .
    A very small amount of capital required to start up , a fair amount of which is just working capital until first revenue .
    Any start up cost over runs will be quite modest and a proven plant in identical ore it successfully processed previously .

    A mine life that is longer than that required to pay back loans and is extremely likely to have a mine life that will be multiples of what has been proven so far .

    However Markets being Markets if we suffer contagion I will see it as a buying opportunity .
 
watchlist Created with Sketch. Add HGO (ASX) to my watchlist
(20min delay)
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
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
HGO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.