HXG 4.55% 2.3¢ hexagon energy materials limited

Ann: Trading Halt, page-23

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  1. 150 Posts.
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    With a "finance and development proposal," we should be seeing the risk reduced greatly. I really hope that this is the start of mine development. If the deal is favourable to Hexagon, we should be approaching $1.38 (or at least $1+) a share.  See IIR review below (from January). They're saying that even before this financing deal it has been undervalued below 37c and that is with financing risk.
    Source: http://www.theassay.com/wp-content/uploads/2018/02/HXG_AX_IIR_180128.compressed.pdf

    In this same report they go on to say that in production, a fair market cap would be $530 million based on 5x earnings, which is over $2 a share. DYOR, but I think we are getting ready for a run.
    EDIT: Just saw the announcement posted. We may have to wait a bit longer to reach production, but I'll leave this here to think about.
    Last edited by markolious: 27/03/18
 
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Change
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Mkt cap ! $11.79M
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2.2¢ 2.3¢ 2.2¢ $24.45K 1.092M

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1 37 2.2¢
 

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2.3¢ 326201 1
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