Going underground??, page-22

Think we all need to be patient a bit longer. IMO, I Think ARA are a patient investor in HGO, and suggest they have a big finger on the pulse. If anyone followed an asset ARA sold last year, the numbers were impressive. On the ARA web page, a release dated 11 Jan 2017 states they  sold Secure Parking. The book value was $11 million. It was sold for  $75 million. I am also sure that one ASX release mentioned ARA had made an internal rate of return of 48 % pa over the !2 years of owning Secure Parking. ARA will be keeping a very good eye on HGO as ARA have it as an associate now. Would be surprised if they ever made a move on the rest of HGO, but think they will find a buyer at a substantial premium. Its what they do. As I have said before, they are not interested in making a bank deposit return on the risk they have taken.

Another thing that might interest you in the forum is the last analyst report done on HGO on 29.02.16. Find this by going to the HGO web page and look up  Media and Analysts Reports on the right hand side of the page.. It is interesting to see what the analyst expected the exchange rates, copper price, production, and revenue would be for year ended 2018. Would like to see what you think of the forecasts. 

Thanks.