Hi Peteski.
I think you could safely think that a share placement would not take place at these levels.
Issued capital of just under 586 million shares. If they placed 25% would be 146.5 million new shares at say 2 cps, I went by your figures, so 146.5 x 2 cps = $ 2,930,000 million. I think that 5 of us in the forum could easily come up with $586,000 each. If management found someone to take up 12.5%, would only cost us $293,000 each. It is far far to cheap. Only thing with these placements, they want the money instantly. We could all become sophisticated investors ha ha . I read that frequently re share capital raising.
Wonder if it is worthwhile letting management know a few of us bigger holders are keen to be included in any placement?
I agree Peteski. The shares are worth a lot more than present share price. I am not brave enough to put a value on them though. Just got to keep the remaining value intact. and get what value we have left, increasing. Easier said than done if you look at the history of HGO.
PS. I loved and still do love Jags and Daimlers. I dreamed of owning a XJ12 or double 6. Liked how the bit of chrome on the back said double six. Loved the V 12 emblem by the transmission. Wanted a V12 E Type as well, but they just got too expensive, and as VYR said, a nightmare to get to run smoothly and not the cheapest to keep on the road.
Take care.
Add to My Watchlist
What is My Watchlist?
