HGO 3.03% 6.4¢ hillgrove resources limited

If stocks didn't disappoint in a bear market there would be no...

  1. VYR
    4,696 Posts.
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    If stocks didn't disappoint in a bear market there would be no opportunities to grow rich quickly.

    Opportunities emerge when there is fear of a recession. Share prices crash and a lot of money is taken out of the market by people seeking safer havens. That has a two fold effect on the values of small caps.

    The careful money that stays in the market gravitates to blue chips and the bit that's left is spread very thinly over small caps and causes a big drop in the market capitalisation of excellent small cap companies..

    My new lobster pot.

    My other play jumped from 5 c to 65c in 18 months and then went on to double profits for two years. The Ukraine war stopped it rising as it dragged the market down. When the cost of living went through the roof its sales dropped to a level where it is forecasting a small loss. It's got no debt like HGO and is doubling its production capacity and expanding its distribution network in preparation for the bounce back. It's trading at 15 cents today.

    Even if only one comes good from here I'll be celebrating big time.





 
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Last
6.4¢
Change
-0.002(3.03%)
Mkt cap ! $134.1M
Open High Low Value Volume
6.5¢ 6.5¢ 6.2¢ $286.0K 4.508M

Buyers (Bids)

No. Vol. Price($)
2 600000 6.3¢
 

Sellers (Offers)

Price($) Vol. No.
6.5¢ 883786 2
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Last trade - 15.31pm 04/11/2024 (20 minute delay) ?
HGO (ASX) Chart
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