The answer to " Does this work out better financially" is a Big Picture Yes.
Investing capital and profits from operations to develop more of the loads that are within trucking distance of the under utilised plant is a no brainer.
Whilst raising capital at 3.5c a share to fund that development wasn't a stand out great idea as it only speed up the process by a couple of months, while diluting existing shareholders considerably, it does mean that a proportion of profits will be available for dividends sooner.
Good to have a decent cash balance and a stronger balance sheet given these uncertain times.
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- Ann: March Physicals Highlight Continued Operational Improvements
HGO
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3.5¢

Ann: March Physicals Highlight Continued Operational Improvements, page-7
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $91.37M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.5¢ | $125.8K | 3.576M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 2428611 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 1095713 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 2428611 | 0.034 |
5 | 1523030 | 0.033 |
6 | 2454107 | 0.032 |
2 | 800000 | 0.031 |
5 | 300020 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 1095713 | 1 |
0.036 | 1028620 | 4 |
0.037 | 1461832 | 6 |
0.038 | 1866300 | 4 |
0.039 | 1596472 | 6 |
Last trade - 15.23pm 31/07/2025 (20 minute delay) ? |
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HGO (ASX) Chart |