The price of copper has dipped a bit over the last week which would not help. Not sure whether the contractors who took shares for debt would hold on to them either.
The volumes traded are not overly high. I think the price weakness is more due to lack of buying as anybody who wanted into HGO probably would have done so through the capital raising. Anybody who oversubscribed hoping to get extra notes / options wont know until next week exactly how many they have got.
Not saying HGO is out of the woods because it still in a tight race to get to the good stuff before the money runs outs but I think the current price is more due to the logistics and effect of the capital raising than anything.
HGO Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
