Previous close 6.9 cents Days high 7.3 cents Days close 6.4 cents VWAP 6.9 cents
This announcement confirms that all the ducks are lined up to deliver well more than 20 cents a share in free cash flow over the next three years and the Hidden Gem Opportunity is selling for 6.4 cents.
Given all the potential resources and ample cash flow to explore them a very long LOM is on the cards without any further dilution.
The cash flow looks like being way more than $100m PA so if they only distribute 60%, punters who bought today will be on free carry in two years time on dividends alone. Be nice to get more than you investment back in dividends every year until the grim reaper calls.
Lucky my hairs are silver not grey like others amongst us. I had a pacemaker installed two weeks ago so dodged another bullet. They tell me the battery is good for 15 years and its got a motion sensor and a ten speed gearbox to assist with acceleration. Amazing stuff.
HGO Price at posting:
6.4¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)