Marcus,
Welcome to the HGO thread. If things go well, certainly there is plenty of upside here for HGO. Which is why we are holders.
But there are risks here too. Buying HGO now isn't a 'no brainer'. We are at a pivotal time in the company's life.
On the upside:
- emerging producer, hoping to be rerated accordingly
- expect new institutional buyers as HGO becomes a producer
- much higher broker target prices than current share price
- reserve upgrade pending?
- life-of-mine extensions
- throughput increases
- high-impact drilling next year at West Papua
- hedging locking in some certainty on the revenue side
- takeover target? Larger players looking for acquisitions to add to their production profile
But downside risks:
- Lowish on cash,
- Debt
- No cashflow as yet
- Delayed commisioning period
- Ambit claim on HGO for $10m
- MD alludes to possible capital raising
- Falling copper prices
- Europe-led correction a real possibility
Best of luck to all holders. We will be waiting and watching for announcements with great interest over the next few weeks.
Yaq
Marcus,Welcome to the HGO thread. If things go well, certainly...
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $111.0M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.1¢ | $213.1K | 4.051M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1236509 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 130101 | 1 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| HGO (ASX) Chart |