Interestingly, on good news, and with high volume today, after a slight rise (4%) in share price it has now fallen (2%) lower than yesterday. I suppose this is a case when the market isn't always logical, and opportunities present themselves. Or else, of course, some insiders know something bad that the rest of us don't yet know about, and hasn't yet been released to the market.
I note that both of these last two announcements also refer to the known extensions to resources and mine life below the existing open cut pit, which to me wasn't that clearly enunciated previously. And mention "significant free cash flows" with very low strip ratios in coming year (in 2018-2019 in last week's report).
Awaiting Sept Q announcement and market reaction with interest .... Also about more definite resource announcements below open pit. I own HGO.
Kanappa Extension, page-10
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Last
5.5¢ |
Change
-0.001(1.79%) |
Mkt cap ! $108.9M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.6¢ | 5.5¢ | $58.83K | 1.068M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 260464 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 1299265 | 2 |
View Market Depth
| Last trade - 15.57pm 26/11/2024 (20 minute delay) ? |
| HGO (ASX) Chart |
