For all those who think OZL will want to do a take over for HGO are dreaming. If anything RXM would be a lot better choice to take over on the current price of .12 . HGO mine life would be around 5 years at the most with the current environmental restrictions in place. More exploration is needed from HGO ,and with the current cash flow would be making things difficult. HGO would be better to pay down debt and then look for a takeover or joint venture with an exploration company that has already found something away from any capital city as the restrictions that are in place for HGO makes it more difficult to operate a mine. I would like to see RXM and HGO do a joint venture as RXM has the long mine life HGO has the mining expertise to get RXM mining quicker.
HGO Price at posting:
43.0¢ Sentiment: None Disclosure: Not Held
