HXG 0.00% 2.1¢ hexagon energy materials limited

Ann: Hengda Financial Settlement, page-6

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  1. 395 Posts.
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    i really don't understand why the SP has taken a hit the way it has. a small to mid decline would be understandable. but this much? I mean what has really changed. new MD... ok. and a slight delay in our schedule. 2 points. but what else to warrant this kind of steep decline? if anything, we have had positive announcements. the hengda money which we all thought was gone has now come back in some shape or form. (bonus) the pfs is out which paves the road for dfs, funding and offtakes. we sold our non core asset and built up the bank account, not to mention the shares, which im sure will delay any cap raising for a while. im left scratching my head. I realise small caps have been getting hit in general and the market has been up and down. not to mention its tax time, but this much? the only thing that is keeping me sane is that when Charles joined us we enjoyed a nice ride to .31cents. that might be the case now. the big buyers are waiting for the new financial year? I don't know. but if this thing drops anymore we will be back to where we started. frustrating.
 
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