I think the "smart money" may be waiting to see how smartly HGO have been with their money..... waiting to see conclusively (in these uncertain times) how HGO have borrowed, used capital, hedged etc for Kanmantoo, in consideration that many believe the world economies are not out of the woods.
Overall, I think HGO SEEMS like excellent value at the moment....
However, I'll feel more confident when I see the final summary for the financials going forward with Kanmantoo...
... and even better, see a HUGE gold deposit found in Indonesia...
.... and BEST if good amounts of cash, copper and gold assets actually convert to good returns to shareholders....
THAT return will depend on the CHARACTER as well as the competency of management.
HGO Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
