RE: RE: .20 cents worthI like your post, with one thing that should be made clear however. The injection of money, at the time (.20 per share and amounting to 56 million dollars) did not cut the share value in half. The share base did about double, but there was cash amounting to about .10 per share invested at that time. Without this, nothing it appears had been accomplished by the group brought in to "remedy" the issues, and the old management, well they appear to have been useless at managing the valuable assets and operations at that time. Do not forget, 56 million saved HRG, IMO and let it move forward. I agree completely, obviously, with the rest of your post. When the shares dropped to under .10 many of us tried to point out that the price was ridiculous, AS IT STILL IS TODAY, IMO.
The value here is completely discounted. You could not buy, control, develop and get same producing for anywhere near the cap of this company currently. Calculate it ANY WAY one likes. Try building out FOUR producing mines, with reserves. What would cost be?
The cap of this company is around 100 million dollars Canadian right now. It should be about 5 to 10 times that.IMO Depending upon the price of gold, costs etc. Right now, I think it should be trading at around 6 times its current price at a minimum. THAT is why it is sooooo compelling a speculation. Most of the speculative stuff, trading out there is based on getting some ore body, up and operating. YEARS away, with costs subject to wild variance and everything in terms of problems ahead of them. Here you just need to manage operations, expand reserves in adjoining property and your value heads WAY higher, and can happen very rapidly. The cash flows can increase here dramatically. Not dreamland in 5 or ten years. HRG is a buy on ANY basis, when looking at this sector. Just let the slow folks figure it out, and they will pay you 5 to 10 times the current price, and maybe not that far off in the future.IMO