Hardmano,
About 2 months ago, the share price was 245% higher. If production is going as well as could be expected and they have hedging in place to protect against a falling copper price, then what has changed between now and then that makes now a good time to raise capital? If they wanted additional funds to explore Sumba and BH, then it would be better for existing shareholders (ie. us) to have the capital raised at 20c plus, not 10c or less.
Big cross to management credibility for mine. I like to company and see good long term potential for Cu and the company, but I hate seeing capital raisings when SP's at a low when management has previously saying everything's good.
placement and spp coming, page-8
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HGO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.6¢ |
Change
0.004(5.60%) |
Mkt cap ! $138.3M | |||
| Open | High | Low | Value | Volume |
| 6.4¢ | 6.8¢ | 6.4¢ | $559.0K | 8.559M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1802268 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.6¢ | 453349 | 3 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| HGO (ASX) Chart |