HAW 5.88% 7.2¢ hawthorn resources limited

The stock is totally different to 7 years agoThey didn't have...

  1. 3,367 Posts.
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    The stock is totally different to 7 years ago

    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

    https://hotcopper.com.au/data/attachments/2033/2033045-52575a51416c74f8482633f465f5398d.jpg

    The next update to the market on Trouser Leg or the capital return should see it push through 15c
 
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