HGO 5.60% 6.6¢ hillgrove resources limited

wilson update, page-5

  1. 491 Posts.
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    Even at the current price which is almost close to 52 week low, there are no buyers. People do not have trust in the company and the management.I cannot see the share price going up and we are just 15 days from the qtly reports but still no movement and all the big trades in the past few days are just changing hands to create some interest.I think there is lot of opportunity in other shares.There should be some valid reason for the price going down from .14 cents to .073 cents in 2 months time.May be they are not going to achieve their guidance and cost cutting strategy.They have just hired people to recommend as a Speculative Buy like Wilson HTM so that they can unload the shares even at this price and people think it is 50% discount to .14 cents. Highly recommend to stay away until some next announcement.
 
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