HDG 0.00% 1.0¢ hodges resources limited

comparison with bannerman bmn

  1. 7,611 Posts.
    Liked the announcement guys. Especially the safey of an EU country base.


    Cant help but note the comparison with BMN in terms of:

    1. Same substaintial shareholders
    2. Similar low market cap when U deals first ann.
    3. Same small issued share capital
    4. Offshore Uranium play with previous exp history


    Bannerman market cap April 2006 was $11m (fully diluted at 30cps)
    Bannerman current market cap $385m (fully diluted at $3.35)

    HDG current market cap $24m (fully diluted at 60cps)
    HDG market cap in one year .... who knows but a ten bagger from these levels is quite possible and the low levels of cash and shares required to fund this deal means the share register should stay nice and tight .....imo DYOR


    SALTY
 
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