I know how you feel mate, though it is the market in general I don't think it was a mistake following this story as it should go seriously north in due course once the drilling continues.
Don't forget the directors themselves were loading up at around 40c.
I guess that is the way it goes in the markets, especially this end.
The way I see it you have to just hold your chin up and take the hits on the nose, try to learn and move on.
In regards to HDG, it is crazy cheap at these levels when you also take into consideration how much cash these guys have.
HDG should not on any fundamental basis be trading at these levels.
But fundamentals as we know are only 1/2 the story in the markets.
The E/V at 32c is about $15mill and they have a JORC of over 400mill tonnes let alone the exploration targets.
Really, really silly but this time the short termers have been right (there was a cap raise to this price, so kind of goes without saying really).
Long term, there is NO way this is going to stay round these levels forever and should be much higher by year end.
Just IMHO
HDG Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
