I rang the company to ask a few questions about the Sensitivity Tornado in the Expert's report. Although there are no figures quoted it looks like the variations are based on +/- 10%.
However directors and management cannot understand the low share price level compared to the cash flow figures provided. Nor can I but it's good to see a bit of upward movement.
It is a very confusing report but I believe the most appropriate figures for a shareholder looking at cash flow available (after debt/ creditor repayment) are 2017 $6.3m, 2018 $50.9m, 2019 $51.1m, 2020 $9.3m. This provides a discounted total of $102.4m to which should be added (10% lift in copper price: $21.4m) and (5% reduction in forex rate:$6m) for a total of $129.8m (22.8 cents per share).
In layman's terms that means if you bought HGO shares today at 23 cents you should expect a nominal rate of return of 9.6% per annum. That looks like a buy to me! It also excludes any value from underground resources (which could be in a mining phase within 12 months) and exploration prospects.
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Last
5.0¢ |
Change
-0.003(5.66%) |
Mkt cap ! $108.9M |
Open | High | Low | Value | Volume |
5.2¢ | 5.2¢ | 5.0¢ | $122.4K | 2.384M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 1481716 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 135970 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 1482916 | 0.050 |
3 | 40654 | 0.049 |
2 | 80000 | 0.048 |
4 | 84319 | 0.047 |
2 | 31738 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 135970 | 17 |
0.052 | 82402 | 4 |
0.053 | 943582 | 8 |
0.054 | 962730 | 1 |
0.055 | 1753984 | 4 |
Last trade - 13.41pm 04/09/2024 (20 minute delay) ? |
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HGO (ASX) Chart |