In regards to price targets (and caution required because this is purely a technical view), I did a little basic charting over the weekend on IOG.LN which I also own.
As some may know IOG is a neighbour of HHR, with very similar assets but a couple of years advanced. They have already farmed out for full funding into production and retain 50%.
The below chart is where I think IOG will go over the next year or so, based on a simple long term measuring technique that has stood me well in the past.
Anyway, with 619 mill shares on issue and a price target of 76p, IOG would be valued at a MC of £470 mill, or $900 mill AUD for a 50% share of their assets.
That would be the equivalent of 97c a share for HHR. However, that is an undiluted value. But even if you were to half that 48c post funding dilution, thats still a 24 bagger
Long way to go yet, but Tamaruler's 3-4 x is an easily gettable target IMO.
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Mkt cap ! $19.66M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 23450504 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1662160 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 22900908 | 0.006 |
43 | 12388262 | 0.005 |
10 | 5158333 | 0.004 |
5 | 5149999 | 0.003 |
5 | 5450000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 914571 | 2 |
0.008 | 8525318 | 9 |
0.009 | 27055347 | 9 |
0.010 | 834500 | 6 |
0.011 | 1693000 | 3 |
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