I fully agree with your sentiments. Without the Indonesian explorations, I bet HGO's s.p. will be in the mid 30s now. I would have also sold out most of my holdings and maybe come back in 18 months to get back on the production train. But I am hanging on to every share right now hoping for the first drill programme results. One good result and we will see $ sign for HGO and I will sell at least half, not going to wait for the next feel good story too.
Yoqona
I think you answered your own question about DA. His past history tells us that HGO will be up for sale some time down the track. Kanmantoo alone won't make him or us poor buggers much money at the moment but I think some good results from the drilling in Indonesia will do the trick. He is already a very rich man from his past dealings and I am sure he will not want to walk away from HGO with so small a profit until he strikes the jackpot again. He came so close to doing just that with CAS a few years back. The rock chip samples from some remote hills of Brazil was over 350 g/t. I could see $$$$ millions evaporating in front of my eyes when the drill results came to nothing. This time, I hope he gets lucky for the sake of all of us.
Anothing thing, no point of just sitting around and running HGO when it finally comes on production and IF the drilling in Indonesia will be successful. Given the choice of regular pay package of being the boss or just selling out with a very huge bag of money and then move on to do what you know best, namely starting a company from ground up in which you are expert in doing, well I think the choise is clear.
Good luck and happy investing. Ted
HGO Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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