Umm, it’s very interesting when you read the cash flow statement. Trying to conserve cost, and then all of a sudden receive 3 million cash and the admin goes from $43,000 (first quarter) to $100,000 (second quarter). Must be all the business flights from Perth to New Zealand..
I am only interested in getting the Morupule South Coal Project off the ground so why are they digressing their energy’s. I have been stuck with a large parcel for a very long time and the reason why these shares are so tightly held is because not many people can sell at this share price.
The Moruple south is a great story, but as usually with these small caps, the managements seem to lack the ability to get them over the line..
It is great to Get $3m at 3c but it does not help the people who supported the company in the early stages when the share price was in the 30-40c bracket like bungalowbill. I have been a shareholder and a top 20 shareholder for many years and feel the frustration like bungalowbill. We can only live and hope,,
HDG Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held