HGO 0.00% 6.1¢ hillgrove resources limited

Tail wagging the dog?, page-7

  1. 2,998 Posts.
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    I said when HGO was sitting above 50c that management needed to instigate a share buy back to support the share price instead of chasing the dream of paying a dividend to appease a few share holders. Nothing has changed! If HGO has free cash flow then I believe $1M would be more beneficially used to buy back shares. Waste of time paying dividends when shareholders have lost 50% of their investment in the last 4 months. With regards to the current weakness in price, I suspect someone is deliberately forcing the price down or if not the 5 sellers at 36.5c building a wall of 300K shares are not very intelligent. There were 7 sellers at 36.5c yesterday. My opinion is share price to continue to be trashed on low volume and then out of the blue a T/O for something ridiculous like 45/50c. Notice how the directors are showing the way by digging deep and buying heavily discounted shares! NOT! Shows what they think of HGO's prospects!
 
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