HGO

2.78%

7.4¢ hillgrove resources limited

Hi VYRWith the shocking share price performance over the last...

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07/08/22

14:14

Post #: 62970240
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Originally posted by VYR: ↑

HI Js,

I like to hear the background stories from investors and think its pretty important to also know the companies history even though what happened in the past has little to do with what is happening today.

I got involved in HGO in 2016 when the cu price hit $1.90 which was close to their break even price before capital expenditure. As you would know they were in the middle of funding the cut back of the open pit at that time. They were funding that cut back capital expenditure with free cash flow from mining and when that cash flow disappeared they were between a rock and a hard place.

Fortunately the company didn't disappear and all the shares I bought from the institutions who were abandoning ship and smashing the share price down to 2.8 cents have served me well so far given the 1.5c fully franked dividend. Fingers crossed.

If we don't get back into production ASAP the future for existing shareholders will deteriorate pretty rapidly with every day that passes. Hopefully Lachlan can sort a way to get cracking on the UG before more equity is required.

Borrowing money in a high inflation environment at high interest rates if you can afford to service the debt has in my experience paid big dividends .

Whilst I would never borrow money to buy equities, I would likewise never sell equities to buy lifestyle stuff that can be financed. Two years ago I bought one of the cars on my bucket list and financed it at 5.1%. I sold it last week and have a decent chunk of equity to buy shares with because used cars today are worth more than they were two years ago.

I picked the next car on my bucket list up today and had to pay 8.32 % interest ( I definitively wasn't going to sell any shares) I love the car and with high inflation locked in for the time I will own it I'm pretty sure it won't cost me much.

I hope Lachlan gets on the fast track and pays whatever interest is necessary to get the UG show on the road. Given the fundamentals and forecast cu prices the debt will be gone in a flash and the interest bill will be a fraction of the cost of delaying to get a more favourable deal.

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Hi VYR
With the shocking share price performance over the last years, might be best to sell some HGO shares and put into a car, as the car returns might exceed the HGO returns.
Cheers.

HGO Price at posting: 5.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.4¢		Change 0.002(2.78%)		Mkt cap ! $155.0M

Open	High	Low	Value	Volume
7.0¢	7.4¢	7.0¢	$145.2K	2.005M

Buyers (Bids)

No.	Vol.	Price($)
5	912053	7.3¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	226563	3

View Market Depth

No.	Vol.	Price($)
5	912053	0.073
2	207736	0.072
5	398688	0.071
6	157024	0.070
2	103347	0.069

Price($)	Vol.	No.
0.074	226563	3
0.075	730707	5
0.076	201408	2
0.077	1108499	2
0.078	79472	2

Last trade - 16.10pm 12/07/2024 (20 minute delay)

HGO (ASX) Chart

Hi VYRWith the shocking share price performance over the last...

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Immutep reports strong response rate from immunotherapies treating carcinomas

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

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ASX hits all time high out the gate on Friday trades following bullish US inflation data

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Hi VYRWith the shocking share price performance over the last...

Top Stories

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Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Immutep reports strong response rate from immunotherapies treating carcinomas

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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Bitcoin investors need to know the risks

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ASX hits all time high out the gate on Friday trades following bullish US inflation data

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Sellers (Offers)

Featured News