HGO 0.00% 5.4¢ hillgrove resources limited

So, ARA is now at 26%.... I can't imagine them stopping there....

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,428 Posts.
    lightbulb Created with Sketch. 1
    So, ARA is now at 26%....

    I can't imagine them stopping there. Why would you tie up that amount of capital and yet not be able to control the board and key decision making? As at 30 June 2017 ARA was sitting on A$49.3m of cash, enough for a takeover offer of the remaining 74% of HGO.

    Or....do they wait for HGO to start posting some big monthly revenue and cash flow numbers on the board (perhaps starting with what should be good December production numbers), and then hang out a "for sale" shingle....perhaps to tempt another entity (Chinese?) to make a move to sell into.....

    Must be some fascinating conversations around the Boardroom table at ARA.

    Cheers

    rosco
 
watchlist Created with Sketch. Add HGO (ASX) to my watchlist
(20min delay)
Last
5.4¢
Change
0.000(0.00%)
Mkt cap ! $108.9M
Open High Low Value Volume
5.5¢ 5.5¢ 5.4¢ $75.96K 1.393M

Buyers (Bids)

No. Vol. Price($)
9 1472431 5.4¢
 

Sellers (Offers)

Price($) Vol. No.
5.6¢ 793830 1
View Market Depth
Last trade - 14.00pm 29/11/2024 (20 minute delay) ?
HGO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.