The positive attributes of today’s announcements significantly outweigh the fact that existing shareholders will be diluted. HGO will be debt free. It will have the capital to proceed with the underground mining project. It will have a major shareholder with great expertise in the copper market.
Without this capital raising we’d be left in a situation with the company running out of funds in a matter of months, and being unable to proceed with the project. That would have been a very unhappy outcome for all of us. I would far prefer to have a smaller share of a company that is in production than a larger share of a company that is in no position to go into production.
The positive attributes of today’s announcements significantly...
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Last
7.5¢ |
Change
-0.003(3.85%) |
Mkt cap ! $157.0M | |||
| Open | High | Low | Value | Volume |
| 7.9¢ | 7.9¢ | 7.3¢ | $414.9K | 5.566M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 716973 | 7.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.5¢ | 82714 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
7.4¢ |
Change
-0.003 ( 5.13 %) |
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| Open | High | Low | Volume | ||
| 7.7¢ | 7.7¢ | 7.4¢ | 3355836 | ||
| Last updated 15.55pm 03/05/2024 ? | |||||
| HGO (ASX) Chart |