I think with the low copper price they need to go to plan B which requires proving up the resource to increase throughput.
This in turn requires extra labour.
With the copper price sitting around $1,000 per tonne lower than the feasibility study this has chopped around $65 million off the three year revenue forecasts. Ouch!
This is now becoming a high risk game for HGO.
If HGO does not announce revised resource by this Friday (as they said they would) I suspect this stock will get sold off heavily.
I can hear the Freepoint cheer squad trying to talk this up when in reality this is now becoming a high risk game for HGO.
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I think with the low copper price they need to go to plan B...
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Last
8.1¢ |
Change
-0.003(3.57%) |
Mkt cap ! $169.5M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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16 | 1322956 | 8.0¢ |
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Price($) | Vol. | No. |
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16 | 1322956 | 0.080 |
5 | 347552 | 0.079 |
8 | 498435 | 0.078 |
5 | 619154 | 0.077 |
5 | 535999 | 0.076 |
Price($) | Vol. | No. |
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0.081 | 103577 | 3 |
0.082 | 1051722 | 7 |
0.083 | 1146376 | 8 |
0.084 | 469345 | 4 |
0.086 | 189346 | 4 |
Last trade - 12.52pm 24/05/2024 (20 minute delay) ? |
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Change
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Last updated 13.11pm 24/05/2024 ? |
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