I like these sort of plays, that offer out-sized leverage. Reading that report it really drums home just how leveraged HGO is to a copper price rise.
As an example, if copper were to rally 30% from current levels, share price would likely triple?
Of course, it cuts both ways, but I think the upside has more possible leverage surprise.
Ann: Preliminary Final Report - Appendix 4E, page-14
Add HGO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.2¢ |
Change
-0.001(1.59%) |
Mkt cap ! $129.9M | |||
| Open | High | Low | Value | Volume |
| 6.4¢ | 6.4¢ | 6.2¢ | $69.13K | 1.110M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400000 | 6.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.2¢ | 400267 | 3 |
View Market Depth
| Last trade - 14.50pm 11/11/2024 (20 minute delay) ? |
| HGO (ASX) Chart |