Cheer up Alee. Could the pile of rocks the market is seeing...

Cheer up Alee.

Could the pile of rocks the market is seeing actually be a sculpture.

"HGO management never succeeded to deliver a good story to the market."

The market will wake up to how good the story they have been telling them is when they take the time to read and understand it. What's happening as we speak and what's coming up in the annual accounts might convince them if they have stopped worrying about the world ending.







N.B.

Achieves operational profitability

EBITDA H1/24 $7.8m

Mining cost $ 42/t which is fantastic.

Processing cost $26/ t which is about twice what it will be when the plant is ramped up to full production.

Forecast:

In the absence of a detailed forecast from management Captain Hopeful has this to say about H2/24

The ramp up in copper production will slow but will rise from 1025 t in June to circa 1.4mt by October and then settle as the plant will be running half full.

Cu production circa 7,800 tonnes. Gold production 1,560 oz

Cu revenue $108m gold revenue $6m = $114m

Costs $74.8m based on first half AIC will drop to circa $65m because the corporate costs are fixed and processing costs will drop as production ramps up from $26/t in the first half to circa $15/t when the plant is running half full. .

EBITDA circa $ 50m

The shorter.

Seems he might have given up trying to fool some of the people.

No Gross shorts Yesterday and nett shorts dropped to 5.1m on Monday.