HDG 0.00% 1.0¢ hodges resources limited

I've been watching HDG for some time as I would like to come in...

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  1. 1,906 Posts.
    I've been watching HDG for some time as I would like to come in on this as I think it may have good potential. However not just yet, unfortunately IMO the SP may head further south.

    According to the Botswanna Presentation, potential Mine starts are not until Q1 and Q4 2014. IMO to do such may require a Capital Raising, either by Share or unsecured.

    I agree with makebank that the best outcome I can see at present for future profit would be to sell the Mines at X amount per tonne with a possible royalty tagged on. This of course may be 6-12mths down the track. Just a thought anyway.

    The recent Directors Purchase of 48,000 shares at a value consideration of $6960 put a share purchase price at a little under 0.070 cents if my math is correct.

    Unfortunately in the present economic climate, appetite for exploration companies with negative cash flow appears quite poor, no matter the upside potential.
 
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