$20m sounds pretty light on, but so is the share price. With a market cap of $44m less debt of $30m - ie HGO = 2.45cps a share, the $20m represents an amazing 3.5cps. Maybe the bidders have looked at the company figures in this light and think they are offering a lot. My view is that $20m is way too little and if further Cu can be mined under the pit, then at $20m the offer should be shown the door. I know this analysis is simplistic and lets hope further processing and Franking credits can add value to the SP.
$20m sounds pretty light on, but so is the share price. With a...
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Last
5.6¢ |
Change
-0.002(3.45%) |
Mkt cap ! $108.9M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.5¢ | $178.0K | 3.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 260909 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 799916 | 1 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| HGO (ASX) Chart |
