time and value, page-2

In April this year HGO said themselves they valued ESG on a 1300PJ (2p) basis at $2.70 per share or $1.25 per HGO share. 1300 is just the start. And what do we have to show ....$1 and a HGO sp of 23c.
Why did they sell before the true value was realised. Even during the peak of the boom Kanmantoo had an NPV of less than $100M, so not as if the copper is too valuable to leave in the ground. They had a much better chance of hitting the mother load by sticking with ESG than drilling holes in Indonesia.
Santos has been out telling shareholders how good a deal it was to them ....HGO shareholders.....wheres our CEO's reassurances and vision? No wonder people are selling.

I wont be one of them and will hold on as I think we can do better than 23c. Curiosity leads me to belive theres got to be more to this story.

I'll gladly eat humble pie