Appreciating 56% from here is a no brainer and could easily start to happen this week if the Half Yearly Accounts outlook section contains a profit forecast and the worm turns up into positive territory and the followers start to focus on where Hgo is really headed when all the background trickery is eliminated.
For a large part of the last 6 months the plant was on care and maintenance or operating at well below manned capacity so profit will be small to negative. With the ramp up to 50% capacity well advanced and hedging in place to underpin a very profitable price point, the next 6 months will likely be very profitable.
HGO like all small caps with excellent prospects is definitely not the place to be if current settings of MC and Sp are of concern.
On the other hand they are the perfect place to invest if you want to out perform the market big time after " profits are on the way" is confirmed.
Will the board man up and issue a forecast or will they hide in the safe corner?
Great time to buy, page-114
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $111.0M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.5¢ | 5.3¢ | $110.5K | 2.055M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 921748 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 300000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| HGO (ASX) Chart |