Have a good miner that was building a mill and had the funds to complete. Upgraded some resources 1.8c to 3c said they had funds to build mill by a debenture and then was on track as testing was good, SP jumped 3c to 5.6c. Decided they should take advantage and do cap raise at 4.2c. The SP has never got back to 4.2c, sits around 3.5c. They have revenue $72m and profit between $20m to $40m depending on Capex each year. They pay dividends.
I await to see if you premonition comes true, I hope not but it is standard game play on ASX.
HGO Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
