HGO 0.00% 5.4¢ hillgrove resources limited

"I note that back then the sp was many multiples of its current...

  1. VYR
    819 Posts.
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    "I note that back then the sp was many multiples of its current value."


    Those numbers are interesting.

    In 2014 there were 148m shares and the share price was >70c with a market cap of circa $110m

    $10m was raised in 2015 and the recent notes and options raised another $10m

    So if all things were equal we should have a market cap in excess of $130m which is 22.5 cents a share

    Which seems to be what the giant pit (which is what it was about in 2014)on a stand alone basis is going to produce in nett cash.

    Its pretty obvious that mining will continue and that the PHES has a pretty substantial value so why is the share price < 10cents ????

 
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