HI Ebor,
HGO used to be a lobster trap with all us lobsters locked in with no way out. At least we have a lot more shares on issue and a bit more liquidity so its possible to sell a few shares without smashing the price too hard.
HGO certainly has a lot of value trapped in it that shareholders can't get their hands on. Its important to remember that you haven't had to pay much for those assets for the last 5 years and we have had a 1.5c fully franked dividend and if the $200m in the study comes home and they distribute 60 % of it we could be in for 10 cents in 50% franked dividends in the next three years plus $80m spare cash to explore and open up new mine fronts to put a long LOM ahead. Thats what is needed to get the Share Price UP.
Assets that are costing $500k a month to maintain and aren't earning anything will always be a bargain.
HGO is sick at the moment but getting well fast . Maybe send Lachlan a Get Mining Fast card for Christmas.
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Last
5.8¢ |
Change
0.004(7.41%) |
Mkt cap ! $121.5M |
Open | High | Low | Value | Volume |
5.5¢ | 5.9¢ | 5.5¢ | $181.9K | 3.179M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 837996 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 0.058 |
1 | 300000 | 0.057 |
1 | 110000 | 0.056 |
6 | 424100 | 0.055 |
3 | 288743 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 753251 | 3 |
0.060 | 5032148 | 7 |
0.061 | 101460 | 3 |
0.062 | 140000 | 1 |
0.063 | 120829 | 1 |
Last trade - 15.45pm 16/08/2024 (20 minute delay) ? |
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HGO (ASX) Chart |