its a joke, page-19

Thanks Yaqona.

Doesn't sound too good with the ambit claim. Just how much does HGO have in cash roughly currently, if anyone has it off the top of the head? Otherwise I will go digging through announcements.

The problem with getting 'potential value' shares, is for the contractor, this may not eventuate. GIven current market conditions I would, as a business, rather receive $7m in cash now than the potential to receive $14m through HGO shares. If you could sell the shares on market today at the equivalent of $7m, fair enough. But I assume that wouldn't be the case, and if the issue did match current market price, like you said the dilution for other shareholders is not going to be fun.

2 weeks commissioning isn't the end of the world to me, but operational/site issues is concerning. Hopefully it's just a delay in putting things together and nothing too serious.

Interestingly I was reading the MMX announcement earlier too. Doesn't seem too great that their main fizzle for the past yrs has just been sold off, at a fraction of what the company was (share price wise) only a short while ago. THat said I don't think MMX would go for HGO outside of the iron ore arena?

If you look at other copper plays such as DML, it's had a pretty big fall too recently. I am unaware if there are reasons for this, but I would attribute it to the recent Europe/US market issues, and the fact that copper has been continuously falling and is nearly at the low $7000 a tonne now. THat said I am considering making , with my last scrap of cash, either an additional investment into HGO (currently in line at 18c) or to go with DML since I currently don't own shares (previous holder).

That said can anyone answer my prior question about the LOM offtake with JP MOrgan metals. What details/prices are relevant to the copper, gold, silver etc? Market/spot prices or are we hedged at a certain price already?