Too little shares on offer to us shareholders No incentive for...

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Bullrush007

692 Posts.

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26/06/18

14:08

Post #: 33955254
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Originally posted by NZPepsi ↑

Interesting little post by HC re anonymous MD posts (or lack of). End of the day nothing but just noise. But I digress.

I have to say if someone held a gun against my head and said "I'm holding this for two years and if HXG ever looks like turning into a producer during that time I'm going to pull the trigger"...well I'd have to say I'd be a very nervous person. A very nervous person. But the market is pretty much telling me to relax, ain't nothing to see here buddy. So what's happening here?

Perhaps we have a market, especially for materials stocks, where investors are simply not prepared to price in any potential growth until the rubber really hits the road. Maybe, but you only have to look at the last two company announcements being a successful $7m capital raise via a quality investor base (not even at a meaningful discount) and very encouraging spheroidisation test results and then wonder why isn't this stock reflecting this sort of progress? These latest results were carried out by NAmLab, a German university-industry joint venture established in 2006. Lamboo Resources school boy chemistry set testing this ain't!

I topped up a little more at 19 cents yesterday because, well, I just don't want to be posting in two years time how much I really should have taken advantage of that time back in 2018 where you could load up for less than 20 cents. Imagine posting that under the HXG thread "Hexagon hits $2.00". Because fellow HCers $2.00 is not an unrealistic possibility. Needs a lot to go right but the foundations have been laid for this to actually become a reality. Min Res thinks so and that's good enough for me.

So fellow Hexagonites...what am I missing?

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Too little shares on offer to us shareholders

No incentive for buying

No entitlement offerings to holders at a discount

The price is too high...further dilution is coming!

Notwithstanding the above the company is ticking technical boxes and are probably looking for a full TO IMO

HXG Price at posting: 18.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $11.79M

Open	High	Low	Value	Volume
2.1¢	2.2¢	2.1¢	$6.857K	312.2K

Buyers (Bids)

No.	Vol.	Price($)
4	374622	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	300000	1

View Market Depth

No.	Vol.	Price($)
1	100000	0.024
2	386221	0.023
2	147000	0.022
5	1217500	0.020
2	54368	0.019

Price($)	Vol.	No.
0.025	498695	1
0.026	289259	4
0.027	396549	3
0.028	281127	2
0.029	50000	1

Last trade - 11.28am 22/11/2024 (20 minute delay)

HXG (ASX) Chart

Too little shares on offer to us shareholders No incentive for...

Top Stories

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Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

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To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

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Sales growth pushes Lovisa's fortunes (and shares) upwards

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Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Buyers (Bids)

Sellers (Offers)