HGO
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1.75% 5.8¢ hillgrove resources limited

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  1. VYR
    819 Posts.
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    10/05/18
    13:08
    Post #: 33010210
    The board of MDL Limited which is the subject of a takeover issued a rejection letter today which interestingly shows a bar chart which indicates that ASX Small Resource Companies trade on a median Price to Free Cash Flow multiple of 10.7 times.

    If the mine life gets a decent extension we would be really in the money big time if we could do that
    HGO Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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