Kanmantoo Copper mine ready to go ? For real ?, page-288

Interesting.

@ 30/06/23 ARA had $12.5m invested in HGO when the price was 6 c. So circa 210m shares which would give them a gain of $7,560,000. Nice.


With HGO closing at 9.4c on the 28th dec 2023 and hitting a low of 8.4 today I'm left to wonder if one could make a dollar selling a few on the highs and buying on the lows which I guess is the game people are playing at the moment.

The actual variation in price is a much narrower band at the more important VWAP level.

If the traders had sold 3.6m shares at the average VWAP of 9.2 cents and bought them back this morning at at the average of 8.4c I guess they could have made between them $28,800. A theoretical possibility that would most likely not deliver much as the traders would have to sell a heap today to push the price down. A bit like the horses where punters on average lose and only the odd one wins.

I'll stick to making money on the side selling my empties.