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1.75%

5.8¢ hillgrove resources limited

Correction. $80m would be the franked up amount of dividends...

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VYR

819 Posts.

163

27/04/18

08:18

Post #: 32710651
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Originally posted by VYR ↑

I agree whole heartedly but not sure the motive is the share price and I'm not being critical just realistic having been there and done that.

Its not in managements interest to let this all come to an end in 18 months.

No job security there.

I have no doubt that if in the next 18 months they can't find anything worth digging up they will be looking at an acquisition.

I hope there is a balance between job security and rewarding shareholders.

I'm reminded of the old adage. "give the kids enough to do something but not enough to do nothing."

A good balance would be to pay fully franked dividends sufficient to use up the $24 m in franking credits.

That would use $80m (14c in dividends franked up to 18c) of the cash flow but leave plenty for them "to do something" if the copper price continues its current upward trend.

I'm hoping there isn't an adage "don't put too many eggs in the one basket"

I'm not close to "all in" but Its hard to keep the old snout out of the trough when there are willing sellars at these prices when Steve and the team are busy digging up the pay dirt

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Correction. $80m would be the franked up amount of dividends required to use $24m of franking credits.
9.8 cents franked 14 cents.
one shouldn't do maths on an empty head.

HGO Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.8¢		Change 0.001(1.75%)		Mkt cap ! $108.9M

Open	High	Low	Value	Volume
5.7¢	5.8¢	5.7¢	$40.88K	712.2K

Buyers (Bids)

No.	Vol.	Price($)
5	637837	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	431267	5

View Market Depth

No.	Vol.	Price($)
1	49767	0.080
2	230000	0.079
2	136415	0.078
1	97825	0.077
2	600000	0.075

Price($)	Vol.	No.
0.083	137770	2
0.084	288879	3
0.085	2009000	2
0.089	229500	1
0.090	76002	3

Last trade - 15.34pm 22/11/2024 (20 minute delay)

HGO (ASX) Chart