Interestingly I did a comparative analysis of AR1 when they presented at RIU recently. Their SP at the time was ~25c, with HGO ~7c. My thought was to split my HGO investment across the two stocks.
I concluded that based on the Economics of the projects HGO was a better place to keep my investment. And subsequently did so.
In hindsight, the market decided differently to me.
I've been back and looked at the Economics and I'm still convinced my analysis stands up. Even more so with AR1 at the SP it is now.
Of course the market determines the value of companies based on many factors, one being the story/narrative told to investors, another being the holders on the register, another being the timing - there are many more.
In my view, I just have to be patient.
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HGO Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
