I don't think the market has digested the magnitude of the announcement and believe when it does it will be blue skies for HDG.
Consider the details:
1.4billion tonnes
60 million shares when fully diluted
Likely offtake agreement with nearby Moruple Coliery that is looking to expand its outpout
Tightly held register
Experienced board and management
I was in HDG for the Gold but with this acquisition the Gold will becomes the cream. I'm a very happy holder and do agree we'll be 50cents by the end of the week once the market becomes aware of the story. 50c SP = 2.1cents/ tonne.
WINNING
DYOR
HDG Price at posting:
29.5¢ Sentiment: LT Buy Disclosure: Held