HEG
http://www.asx.com.au/asxpdf/20101208/pdf/31vgjpd81n9tvd.pdf
When you read an announcement like that, nothing much happens. No one seems to trust the geologist's eye. Yet when the result is published, and the the gold grade is good, the share price will run up (unless DJ index is down which affects sentiment). If gold is visible, it is good news but no one is interested....
... except me!
posted by Club Mulgoa @ 4:46 PM
1 Comments:
Terry
Have done a bit of homework on HEG tonight. Copped a battering earlier this year with failed mining venture - losing more money than making. This area of the announcement today is a separate area and if the JORC goes to 1 mill oz (currently 500 and something), it gives the company a value of $33/ oz. Thats really good to many others out there and is the same as AZX before its recent little run. Chairman has flagged it as good target for bigger player. Took ages to find the exercise price for HEGO - wasn't on that link you forwarded me recently but it is 15c. Recent cap raising for drilling to raise JORC at over 9c. Current 7.5c.
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