Lots of cash, so many options.
I suspected the market would not fully value HGO today. Not even valuing them at their cash position.
To be expected.
A capital return or buyback would be good. Any buyback with HGO trading at a substantial discount to cash backing would be highly value accretive per share.
So would an investment in a cash-poor asset rich junior. And not forgetting Kanmantoo...
Ask yourself these questions
(1) With STO's move yesterday, do you think their is a greater or lesser chance of ESG being taken over?
(2) At what price do you think a takeover would be successful?
(3) Work out what HGO would recieve in the event of a takeover...
Free option to the upside in ESG (jn the event of a takeover). No need for any share dilution. Even if ESG has to raise more capital, HGO's upside remains undiluted!
Y
poor show, page-2
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Last
6.7¢ |
Change
-0.001(1.47%) |
Mkt cap ! $136.2M | |||
| Open | High | Low | Value | Volume |
| 6.8¢ | 6.8¢ | 6.5¢ | $169.9K | 2.550M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 600507 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.7¢ | 584621 | 5 |
View Market Depth
| Last trade - 13.18pm 30/09/2024 (20 minute delay) ? |
| HGO (ASX) Chart |