HGO
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1.79% 5.5¢ hillgrove resources limited

I'm guessing that they may surprise on the upside. Ariadne...

  1. valueadd
    2,896 Posts.
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    07/01/18
    22:20
    Post #: 30110909

    I'm guessing that they may surprise on the upside.

    Ariadne wouldnt have converted their loan to equity unless they were confident of strong future profits and thus a strong share price . Mind you their equity was priced at about 35% of the current levels . Its a thinly traded stock ....so hard to cash out a big line .

    A couple of years of solid results ....may well be a different story .

    Cheers

    VA
    HGO Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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