HDG 0.00% 1.0¢ hodges resources limited

re: Ann: Kyrgyzstan Acquisition to Fast Track... Looks to be a...

  1. 494 Posts.
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    re: Ann: Kyrgyzstan Acquisition to Fast Track... Looks to be a massive dilution to me.....that said, what choices does the company have?

    Unfortunately, I can't comment on the project viability.

    In this market place, there are literally hundereds (if not thousands) of good projects going for pocket change so lets hope that this one stacks up....thats what the board and the associated due dilligence are supposed to uncover.

    They have to find a way to generate some income and get the balance sheet into some shape in the hope that our investments in Botswana will eventually come to fruition.

    Whatever, it's going to be a long time before we see the shareholder value anywhere up near the value at whic I bbought into HDG.

    So....it's a bottom drawer stock for the foreseeable future.

    GLTA.

    Cheers,
    Snagger
 
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Currently unlisted public company.

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