They didn't have near $30M in the bank then, hadn't announced a capital return of 4.1c and gold wasn't US$1700
HAW trading with a negative EV is crazy
Someone offered a sell into 9.8c, then 9.4c then sold it into 9c. In total it was about 5,000 shares used to drop the price down 1c and put it in the red. It is being toyed.
HAW is trading at 5 year highs at the moment. Just needs to bust through current levels to push to those old highs.
At a minimum this should have a $10-20M EV
The next update to the market on Trouser Leg or the capital return should see it push through 15c
HAW Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
