I see (alas not in a timely manner) that previous HGO cheer squad leader Evans & Partners changed their recommendation on the stock to "Negative" on 5th June. Unfortunately I don't have access to the report. (I would love to see it).
Three cynnical points:
* I wonder if Evans knew capital was being raised and spat the dummy when they weren't chosen to do it?; or
*Does Evans have genuine insights that cause them to be cautious? What are they and why haven't other brokers picked up on these?
*Interesting that HGO have kept the old positive reports on their website but haven't updated it with the new negative report! Some might suggest this is a little unethical.
Hot copper should update their sentiment choices to include "burnt and bitter". It would be a popular choice for HGO holders.
HGO Price at posting:
8.4¢ Sentiment: None Disclosure: Held
