Jonesy, I too held HGO and made a tidy profit after after the STO ann. However I would be cautious about ONLY holding HGO to 'leverage' into the ESG takeover. Remember that it all depends on what HGO want to do with the money. They could turn and burn it on 10 years exploration and achieve nothing. Highly unlikely, I admit, but the sell off of HGO after the 27c high is reinforcing the saying 'buy on rumour, sell on fact'. Plus, I would have thought that with all that money in the bank HGO would have achieved higher than 27c. So any final payment might put them up another 10c. Wow. You would see much better returns from ESG. I really expected HGO to come out with a solid ann on what they planned to do wih the money on Friday after the change in substantial holding notice - but nothing. Sorry, I know this is an ESG thread. To end as such - I am much happier having a direct holding in ESG now and scrubbing round any 'leverage' through HGO. Good luck mate.
ESG Price at posting:
$1.02 Sentiment: Buy Disclosure: Held
