HGO 1.39% 7.1¢ hillgrove resources limited

copper us$3.35/lb, page-7

  1. 172 Posts.
    The problem is that HGO is considered a small mining company and there is not a lot of investors chasing and holding onto the stock. ie Liquidity.

    If a major stakeholder drops a large parcel of shares onto the HGO market - the floor just goes. There really is not enough support.

    You've got to wait for sizable players to take an interest in HGO - ie bigtime investors who buy and hold the stock for at least 1 year. And don't simply have an opportunistic speculative mentality and sell it the next moment the share price runs up on a whim.

    You also have the problem of geography. HGO's mine is far south - its a bit more harder to ferry the copper from Adelaide to up north, ie China - where most of our stuff is going.

    But we'll see shall we? I'm getting a drink.

 
watchlist Created with Sketch. Add HGO (ASX) to my watchlist
(20min delay)
Last
7.1¢
Change
-0.001(1.39%)
Mkt cap ! $148.7M
Open High Low Value Volume
7.3¢ 7.3¢ 7.1¢ $159.0K 2.221M

Buyers (Bids)

No. Vol. Price($)
2 156904 7.1¢
 

Sellers (Offers)

Price($) Vol. No.
7.3¢ 789490 5
View Market Depth
Last trade - 16.10pm 17/07/2024 (20 minute delay) ?
HGO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.