stale sellers close to finished

Just watching the trading since the the guidance update in Jan (15m traded) and the recent quarterly update (9m traded) coupled with the substantial holder notice lodged today, I reckon this thing is close to really moving.

You just have to flick back through the HGO threads to see the number of disenchanted holders. Further evidenced by the stock being smashed down to 8.2c intraday three times recently (disgruntled sellers leaving), only to be bought back up to 9cents.

New management, new operations team and new guidance of 30% more grade (aka revenue) per tonne of ore than last year.

I expect cash balance will be flat as HGO need to pay off debt. So net debt will reduce in the quarterly rather than cash increasing.

It won't be long though before there's a bit of breathing room on the balance sheet and a dividend will follow. 0.5cents would only be about $5m for the company but would equate to a yield of 5.5%.