Cheers firsttothetable
You have to agree with the comments as stated that HIG are set to deliver on a number of fronts, with the drilling at Star Mountain now commenced, pre-feasibility on Freida due and a resolution on the Ramu disposal issue at that stage in the pipeline, so yes, HIG was, and still is poised for a significant rerate to reflect the true value of the assets. They stated that HIG was trading at 65% of their most conservatitve valuation, and the upside valuation was $1.26. Based on the numbers, I can't argue with that. This valuation was done on the 23 August when the share price was 25 cents, and two months later it's now 39 cents, so a good return for anyone following their positive recommendation. It will be interesting to see what the share price will be by Xmas. >50 cents I'd suspect with what's in the pipeline.
- Forums
- ASX - By Stock
- share valuation
Cheers firsttothetableYou have to agree with the comments as...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HIG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online