HGO 5.71% 3.3¢ hillgrove resources limited

interesting shareholders

  1. 3,666 Posts.
    Have a look at pg 42 of the presentation today.

    Shareholders Ingalls & Snyder 1.7%. These are the same US fund managers that are investors in ESG and OIP.

    Now, why do you think they are investing in Hillgrove?

    (a) for Kanmantoo
    (b) for Indonesian gold exploration

    or (c) for the ESG top-up?

    Analysts are crazy to put no value on the likelihood of an ESG takeover within 13 months, just because the current ESG price is being held below $1.00.

    There are two separate factors: the PRICE of a takeover, and the LIKELIHOOD of a takeover.

    And as we have seen in the past with growing companies in the CSG sector, the price these companies such as PES, QGC or SGL were BEFORE the first takeover offer has nothing to do with the FINAL acquisiton price. In fact, a low base price can sometimes INCREASE the likelihood of a move.

    Perhaps some people think that all the talk of the top-up has been said and done. I disagree. ESG is very much in play. Now, on the brink of a major reserves upgrade, moreso than ever.

    And Ingalls & Snyder know it. As did DA when he did the deal with Santos.

    Y
 
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