HGO (as recently as the rock fall incident last month) have maintained that the guidance for copper and gold production and costs remains unchanged. This is extremely positive in my view.
For HGO to make a decision to close the mine can only be interpreted to mean that they have had some very interesting and compelling offers that have convinced them to explore and mine elsewhere.
The recent number of mineral exploration lience applications and permits reinforces the existence of interesting and compelling offers and HGO seriously thinking about jettisoning the existing mine and mining elsewhere.
i am surprised that given the existence of the KCCCC notes that HGO is not suspended pending a market update.
Does anyone have more insight on reporting requirements and a directors obligation to keep the market informed?
Thanks in advance.
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