gselfThat's all too negative IMHO. Isn't it a GOOD thing that...

gself

That's all too negative IMHO. Isn't it a GOOD thing that HGO can raise capital in the current environment? Doesn't this mean that they will be more financially secure? And have the funds to fast-track exploration particularly at Kanmantoo to increase reserves, but also to increase their efforts to define a resource on Sumba and drill BH?

Would you rather HGO went under or had to scale back all its activities. What then for the share price. I agree though that share price slides that seem "unexplained" are often the result of those in the know selling down.

The only negative is the fact that the price is low at present. But once this capital raising is out of the way the threat of a capital raising will be over ... LOL!

Placementees often expexct a big return .. what better way than to force the share price lower ... thus ensuring upside post-raising?

H