HGO up 2.5%, Oz Minerals up 4.5%. Both still near recent lows....

HGO up 2.5%, Oz Minerals up 4.5%. Both still near recent lows. Cu and AU up about 2.5% overnight on QE. Ag up about 5%. The current Cu price is still below HGO hedging at $8,500 pt $3.85 per lb.

It will not be long before sellers under 8.5 cents (the inst placement price) are out of stock I think. Most relaxed sellers would want more than that discounted placement price you would think.

I think the market cap is about $80, and there was recently about $26m cash in the coffers (obviously much of this is probably committed, but great for a sense of safety). This company is surely priced well below what the bits could be sold for ATM.

GLTA. I hope long term holders make back some money on this from here - admittedly with some self interest in that statement.