A very good presentation and in plain English which makes interpreting information a lot easier for many of us. Good to see the faces behind the names and the strong pedigrees they all carry. Looks like we have the right team this time.
I only have two things niggling in my gut. Where was the WOW factor in the presentation !!!. The one piece of information I suspect everyone of us wants to know is how far is our maybe not so shiny yellow Komatsu is down the hole. I'm sure their is a data button that would provide the distance. It is factual information on something we are boasting about being a point of difference with other explorers and producers so it should be information that can be shared fortnightly ? This would give us a gut feel of were we stand in our decision making.
The second thing that i'm having irk's about is the tight band the share price is trading in with the persistent 1 Share close sale. Does anyone find this a little suspicious ? Give the results being ticked off just slightly ahead of the mining recommencement timeline one could expect an upward as opposed to our current downward trend.
This aside I'm extremely confident that we will hit the jackpot. Can anybody this from last years AGM, as the Executive team has lots to be gained over the next 3 years starting 1st 2023. This is Lachlan's performance incentive and the other Execs have similar option package under different term.
Sorry for the presentation below as it is a table format in the Annexure (very last page of the document) of the 4th of April Notice of General Meeting. It's on the Company website as is the 7th of May 2021 announcement that all resolutions being passed.
A summary of the key terms of the Performance Rights proposed to be issued to Lachlan Wallace are set out in the table below. Detail 2019 service year 2020 service year 2021 service year 2022 service year Number of Performance Rights 3,121,622 5,000,000 5,000,000 5,000,000 Exercise Price Nil Nil Nil Nil Measurement Price Refer below titled “2019 Service Year Measurement Price Hurdle” 6.0 cents 8.0 cents 10.0 cents Price Calculation Methodology 15 Day Volume Weighted Average Price 10 Day Volume Weighted Average Price Start of Testing Date 31 December 2021 1 March 2022 1 March 2023 1 March 2024 First Exercise Date 31 December 2021 1 March 2023 1 March 2024 1 March 2025 Last Exercise Date 31 December 2021 30 March 2024 30 March 2025 30 March 2026
I've been here since 2009 since the Eastern Star Gas day got a couple of dividend from back then, then got gutted by a 1 for 8 consolidation. I have support capital raising when able since, the only one improving my position being the 3.1 cent one. I'm still severely in the Red but a re-rate could solve that . The big problem now is that my Oncologist doesn't see me enjoying a Black position or a dividend.
Lachlan and your team I hope you can pull a Rabbit out of the hat and over perform as your track record shows and get this show on the road.
HGO Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
