HGO 1.82% 5.4¢ hillgrove resources limited

no I don't as the info is from 2 different places. But I can...

  1. 432 Posts.
    lightbulb Created with Sketch. 99
    no I don't as the info is from 2 different places. But I can zoom in on the copper futures prices:

    https://hotcopper.com.au/data/attachments/6362/6362849-89e083dfab2b96b073459a5f49272191.jpg


    I've left the cursor showing futures prices around end March. This is demonstrating that copper futures started rising at the same time HGOs did consequently, the correlation my previous post explains. Anyone shorting a well functioning copper producer while futures are going up just has to be nuts hence shorts falling off.

    Remember one of my posts from those days said I expected a retrace of copper prices because of the fast rise (almost 30%)? That's what this chart shows happened and today, copper futures are 21% below those highs (next chart).

    https://hotcopper.com.au/data/attachments/6362/6362859-c4febf6460bc21eeaacee6fe526bf1c0.jpg

    This chart is HGOs price movement from 20/May/2024:
    https://hotcopper.com.au/data/attachments/6362/6362864-9c314c89f6127b68bf95baf0c521e464.jpg

    I think the market has followed futures pricing, but, has not priced in the hedging HGO has.
 
watchlist Created with Sketch. Add HGO (ASX) to my watchlist
(20min delay)
Last
5.4¢
Change
-0.001(1.82%)
Mkt cap ! $113.1M
Open High Low Value Volume
5.6¢ 5.6¢ 5.4¢ $183.5K 3.363M

Buyers (Bids)

No. Vol. Price($)
5 503250 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 18000 1
View Market Depth
Last trade - 15.54pm 15/11/2024 (20 minute delay) ?
HGO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.