I know negative posts are unpopular here...don't get me wrong, I would like to see you proven correct to get us out of the current mess.
But the last quarterly did not show a positive cashflow and I've been burned so many times before by HGO.
Until they can achieve that everything else is meaningless - we will find out this week whether they have managed it this time around.
As for why HOLD sentiment - well I figured as I have been holding since 52 cents there isn't much point in selling for 6 cents.
By the way, I agree, no cap raising is LIKELY, it is just a RISK.
Iron - good points on the payables, that has cheered me a little.
I have a strong suspicion that this week's quarterly will call a halt to all Indonesian ops, which in itself should begin to see the cash flow profile strengthen (even more so if they sell the assets).
Gaj
HGO Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held
