Club Mulgoa

Wednesday, April 15, 2015

HIG

While the resource sector was crumbling, there were some stocks that continued to produce good discoveries, good intake of partners.... or have evidence that its stock is far more valuable than its market capitalization or what its potential worth is.

In August 2014, I paid 6.5c for HIG after a good write up in The Australian to top up my disastrous holding, bought at between 23.5c and 37c in 2010.  At 6.5c, I could buy a bigger chunk of course.

And today, when I looked at the closing price yesterday at 12c, my net loss is less than $800 from almost a wipe-out excluding loss of interest in bank and secondary to inflation.

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