Agreed. Finally a couple of announcements/updates that provide clarity and the market should now be more informed as to what HXG is up to. However, other factors remain in play.
1. Depressed minerals markets
2. No confirmation that mining will go ahead. Along with a some time to wait on a decision.
3. Should the decision to mine be a ‘yes’ then there is still a longtime before there are any positive cashflows
These points combined are the likely the reason why the sp can’t rally on good news and why the downside remains very open. I wouldn’t be surprised if we see 6c.
Don’t get me wrong, I’ve been a holder for a while but the share price is telling us that something is not right and/or there are probably better places to park your money for now.
Bottom draw?
Agreed. Finally a couple of announcements/updates that provide...
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Last
2.1¢ |
Change
-0.004(16.0%) |
Mkt cap ! $10.77M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.1¢ | $18.12K | 795.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 488332 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 174183 | 3 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| HXG (ASX) Chart |