HXG 0.00% 2.1¢ hexagon energy materials limited

The new MD has slaughtered this stock with his recalibration...

  1. 2,285 Posts.
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    The new MD has slaughtered this stock with his recalibration mode assessement.

    And he is targeting 110 to 220 m/t. Does anyone have any idea how much drilling and money is needed to reach that target? It's a large amount of both. Where will the money come from, capital raisings and dilution, by the time those targets are achieved this stock could have 2 billion shares on issue.

    Not that it affects the new MD much, because I believe his share ownership is limited, but he will collect a substantial salary for a long time in order to reach those targets, so it's a cunning plan.

    I'm disappointed.

    Gw
 
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Last
2.1¢
Change
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Mkt cap ! $11.79M
Open High Low Value Volume
2.1¢ 2.1¢ 2.1¢ $1.05K 50K

Buyers (Bids)

No. Vol. Price($)
5 510491 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 130121 4
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Last trade - 11.16am 03/12/2024 (20 minute delay) ?
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