Hi Gajah. I hear this from colleagues. Brokers are out there on invite early in the week (next week not this one). You don't do that if things aren't going well. In fact I would suggest things are going very well and they want to show it off. A re-rating after these visits could well occur.
I'm overweight too on this stock but will be picking up more at these levels. Indonesia looks rather exciting to me. You don't get proposals from 6 of the worlds top copper producers for a JV unless they too think it's looking pretty exciting there (Birds Head).
Worth holding onto this one until it gets sorted IMO. This could well be a $1+ stock in 12 months if things go well here and o/s. Touch wood. I'm holding through it all to see. Good luck.
HGO Price at posting:
26.0¢ Sentiment: LT Buy Disclosure: Held
