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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Mkt cap ! $11.79M
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No. Vol. Price($)
4 126427 2.1¢
 

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2.3¢ 213000 1
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Last trade - 16.12pm 29/11/2024 (20 minute delay) ?
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