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

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Bullrush007

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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 2.3¢		Change 0.002(9.52%)		Mkt cap ! $11.79M

Open	High	Low	Value	Volume
2.3¢	2.4¢	2.3¢	$14.71K	639.6K

Buyers (Bids)

No.	Vol.	Price($)
1	66164	2.3¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	50568	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 - 15.53pm 27/11/2024 (20 minute delay)

HXG (ASX) Chart

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

Top Stories

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Buyers (Bids)

Sellers (Offers)