Trapped in HGO with no liquidity to provide access to an escape with going concern issues, while watching the HGO assets with a replacement value of Circa $300m being sold off at a discount to a market value that was already a fraction of their replacement value to fund the exploration, care and maintenance and corporate costs has been a painful few years of dilution.
It's great to now be invested in an equity funded producer with no debt in these uncertain times.
The potential cash flow operating the plant at full capacity instead of the 40% delivered by the ES makes the current share price a joke. The equity funding means dividends to put us punters on free carry are just around the corner.
Copper traded at an average price close to $4 overnight.
With the FX sitting at 0.67 it's only down about 3% from the ES numbers in $au.
Lachlan on stage in half an hour. be interesting to see if he can stir up any interest.
HGO Price at posting:
5.3¢ Sentiment: None Disclosure: Held
