Australia's largest stock trading and investment forum Australia's #1 stock forum

HGO

Click for more information

5.80%

6.5¢ hillgrove resources limited

….when the capital was offered at a 17% discount.If you’re not...

First 8 Last

Share
Profile

Follow
Helio

1,316 Posts.

148

14/03/23

14:31

Post #: 66757445
Share

Originally posted by VYR: ↑

Hi Ebor,

I presume you are referring to the two recent ceasing to be be substantial shareholder notices. Nothing to see there.

There was no mention of any selling just dilution due to more shares being issued.

58m shares is 5% of 1,160,000,000 shares but is only 3.9% of 1,480,361,257 shares.

Owning a lesser percentage of something with way less risk which is equity funded and can fill the plant quickly and start paying dividends a couple of years sooner is a better investment. Filling the plant instead of struggling along under the burden of debt more than makes up for the dilution.

Where would we be if we were still looking for funding when SVB collapsed and sent markets into turmoil once again. Crazy stuff.

The S&P/ASX 200 Index (ASX: XJO) has had a sobering week thus far, to say the least.

And it’s only Tuesday. The ASX 200 has shed a nasty 2% so far today. Together with yesterday’s loss of 0.5% and Friday’s loss of 2.3%, the ASX 200 has now lost around 5.6% of its value over the past week or so.

Makes the board look pretty astute moving quickly when the capital was on offer.

Expand

….when the capital was offered at a 17% discount.

If you’re not in the spin industry you should be!

HGO Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

STX

Strike Energy secures $153 million for Perth Basin gas projects

There are more pages in this discussion • 45 more messages in this thread...

First 8 Last

Add HGO (ASX) to my watchlist

(20min delay)
Last 6.5¢		Change -0.004(5.80%)		Mkt cap ! $136.2M

Open	High	Low	Value	Volume
6.8¢	6.8¢	6.5¢	$190.5K	2.870M

Buyers (Bids)

No.	Vol.	Price($)
12	1461518	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.6¢	43423	1

View Market Depth

No.	Vol.	Price($)
12	1461518	0.065
3	393452	0.064
4	590888	0.063
3	332265	0.062
4	422471	0.061

Price($)	Vol.	No.
0.066	43423	1
0.067	464558	6
0.068	254144	2
0.070	635031	8
0.071	137500	2

Last trade - 16.10pm 24/06/2024 (20 minute delay)

HGO (ASX) Chart