HXG

4.55%

2.3¢ hexagon energy materials limited

So how are HXG paying for the feasibility? They need this before...

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Bullrush007

692 Posts.

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30/04/18

14:40

Post #: 32770069
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Originally posted by Bullant ↑

Thanks GW i am not sure where your ideas come from. Lets go thru it.

"I'm still disappointed they sold 51% of their only major project," ummm how do you think they could come up with $150m. please note this is a new commodity, special commodity some call it. right now some banks are stopping to fund coal projects (environmental). banks are in zero position to lend to an emerging graphite producer.

"can't see any dividends, or return of capital, or share price appreciation for years, if at all" OMG who is talking this, we have a market cap of $50m. we are a growth stock. MIN want to start drilling ASAP & get cracking on PFS. The 3 yr time frame is safety legal. HXG will be developed within half this time.

"I don't think the directors own many shares, so they can sit back into a lifestyle, and collect their $300k a year without much stress." right you think its a lifestyle company......hmmmmm you maybe the only one here, they have done quiet a bit in 12months and expect to see more things out of them this 12 months. we see.

"This might languish in the doldrums for many years to come now." right the share price didnt kick on as one would of hoped and now its for many years to come?? rubbish. EV stocks have been under pressure for best part of the last 2 months. cyclical in nature and will have its moment again before the year is out. Most small cap stocks in fact have been weak performers.

"have shown themselves to not be interested in going it alone and developing a mine, which severely limits the company's future potential" again you think $150m just falls from a tree. SYR 1q production is 11,200 tons, this highlights how hard going it a lone is. having to build a team and start from zero. well short of the annual 400k they once talked about and flooding the market!! MIN are the best operators in the business, what happens if MIN say we will produce 150k or 200k per ann ? means HXG is producing what it always stated for free......

"certain price range" right so you have the crystal ball for production and sales price......got it thanks

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So how are HXG paying for the feasibility?

They need this before any final investment decision is made by MIN to provide mine development funding!?

HXG Price at posting: 20.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 2.3¢		Change 0.001(4.55%)		Mkt cap ! $11.79M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.2¢	$24.45K	1.092M

Buyers (Bids)

No.	Vol.	Price($)
1	37	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	326201	1

View Market Depth

No.	Vol.	Price($)
1	100000	0.024
2	386221	0.023
2	147000	0.022
5	1217500	0.020
2	54368	0.019

Price($)	Vol.	No.
0.025	498695	1
0.026	289259	4
0.027	396549	3
0.028	281127	2
0.029	50000	1

Last trade - 15.36pm 06/11/2024 (20 minute delay)

HXG (ASX) Chart

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