The early redemption of the bonds announcement certainly indicates that they have more cash than they need to complete the cut back.
It will happen.
Those who wait for the announcement that its done will have to pay a decent premium over the current price for a stake.
All the options were taken up so its pretty certain that the redemption won't require any cash.
The $4m loan from the Govt will be able to be paid back early. That will be another price booster.
If the stock re-rates to a PE multiple we will progressively be readmitted to the S&P ASK indices and the Institutions will be forced to buy. Early 16 in reverse.
HGO Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
