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6.0¢ hillgrove resources limited

Market always assumes something will go wrong at plant startup,...

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kyme

1,444 Posts.

16/02/24

14:32

Post #: 72445663
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Originally posted by plough: ↑

"We also have revenue coming in."
flip side is you also have cost coming in which will come in before revenue .
As to the "People have no idea how good this company is" , I would say like many start ups many investors stay on the sidelines until start up risks are overcome , and prepared to pay a higher price if the company proves itself ,
there is a Lassonde curve (that shows that behaviour) , after being in a number of start ups that failed I tend to be one of those risk averse investors personally I can not see how their mining costs will be so low here , and am looking forward to be proven wrong and become a potential investor .

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Market always assumes something will go wrong at plant startup, usually does. If not will then want to see production figures expected have been obtained before going in big ( months away at least). Me i'm happy to hold for future dividends and exploration upside. Lower the price in the interim gives top up opportunity.

HGO Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.0¢		Change 0.000(0.00%)		Mkt cap ! $125.7M

Open	High	Low	Value	Volume
6.0¢	6.0¢	5.9¢	$238.4K	4.010M

Buyers (Bids)

No.	Vol.	Price($)
2	162370	5.9¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	332313	2

View Market Depth

No.	Vol.	Price($)
2	162370	0.059
11	1124695	0.058
7	857000	0.057
7	726874	0.056
5	577199	0.055

Price($)	Vol.	No.
0.060	332313	2
0.061	150000	1
0.062	245433	1
0.063	260829	2
0.064	300000	2

Last trade - 16.10pm 31/07/2024 (20 minute delay)

HGO (ASX) Chart