"Maybe they should announce an onmarket buy back ..terms to be...

"Maybe they should announce an onmarket buy back ..terms to be advised.

You have to be kidding, surely? What are they going to pay for this buyback with? Future copper production and reserves upgrades do not fund buybacks. This is the very same company who only a week ago flagged the possibility of having to secure extra capital to get through this delayed commissioning period.

Since then, the share price has dropped almost 15% and the silence has been deafening. And still no news or certainty on capital management.

Some of us long term holders remember HGO's last buyback, in which they announced it and they didn't buy a single share. So, perhaps they could afford one of these 'Clayton's buybacks' again. After all, it wouldn't cost them a cent!

This time HGO have less options. The vultures will be circling. The current market isn't kind the would-be producers with cashflow problems who do not communicate with their shareholders in a timely fashion.

Yaq