HGO 7.41% 5.8¢ hillgrove resources limited

The problem is that HGO is considered a small mining company and...

  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.

 
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Last
5.8¢
Change
0.004(7.41%)
Mkt cap ! $121.5M
Open High Low Value Volume
5.5¢ 5.9¢ 5.5¢ $181.9K 3.179M

Buyers (Bids)

No. Vol. Price($)
1 300000 5.8¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 837996 4
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Last trade - 15.45pm 16/08/2024 (20 minute delay) ?
HGO (ASX) Chart
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