all of this trading is irrelevant in the scheme of things fact...

all of this trading is irrelevant in the scheme of things

fact is HEG has some gold deposits in Australia but no cash with which to progress or develop them and is also looking at new opportunities

whats interesting to consider however is Ive now seen 2 companies with similar share structures and in a similar situation ie on their backs with no cash or funding with which to progress their existing gold deposits, in both cases the companies received substantial offers to sell their projects for $15m

The other 2 companies are GMR and MSR and while Im not drawing any similarities between the deposits I am saying its interesting to consider that in both instances the companies were being valued at next to nothing around 0.2c had no cash and no real way of progressing their deposits forward and eventually someone came along and stumped up some decent dollars for their projects

Could it happen to HEG? maybe, maybe not but the fact is until something material happens like an asset sale, or JV over existing deposits or the acquisition of some new highly prospective asset we are going to just see volatile trading