Based on my analysis of the fundamentals, I bought a lot more shares when a few big sellars emerged after the preliminary report.
Whilst the price has dropped further since, the buying opportunity has disappeared as there is no volume being offered for sale. So no opportunity on offer at the moment to buy any significant number off shares, only crumbs.
I'm hoping that your assumption that the market somehow knows that we are up for a bad quarterly is incorrect.
I think if we were falling short of the forecast production or there was a price sensitive event the company would know by now and would be duty bound to let us know.
The lack of buyers is understandable as no-one is promoting the stock. The last broker report was Feb 2016 and 70% of the company is in a small number of hands that know about, the 100m lbs of copper thats about to be dug up and processed, and, the huge cash surplus that will emerge---and the tax losses ----and the Franking Credits.
HGO Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
