HXG 0.00% 2.1¢ hexagon energy materials limited

Managing Director-Skin in the game?, page-9

  1. 2,285 Posts.
    lightbulb Created with Sketch. 513
    The new MD has slaughtered this stock with his recalibration mode assessement.

    And he is targeting 110 to 220 m/t. Does anyone have any idea how much drilling and money is needed to reach that target? It's a large amount of both. Where will the money come from, capital raisings and dilution, by the time those targets are achieved this stock could have 2 billion shares on issue.

    Not that it affects the new MD much, because I believe his share ownership is limited, but he will collect a substantial salary for a long time in order to reach those targets, so it's a cunning plan.

    I'm disappointed.

    Gw
 
watchlist Created with Sketch. Add HXG (ASX) to my watchlist
(20min delay)
Last
2.1¢
Change
0.000(0.00%)
Mkt cap ! $11.79M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
4 126427 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 213000 1
View Market Depth
Last trade - 16.12pm 29/11/2024 (20 minute delay) ?
HXG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.