I am a newcomer to this board and so sorry that I did not notice it previously. Instead of mucking around with a lot on would be companies I am going to take a plunge into HFR! I see Numis Securities make comment that similar entities to Muga have a value of $B 2-1/2 to 3. If we extrapolate that over the three deposits at the lower end of the scale, it gives HFR a value of $25 a share. You can add a few dollars or three for a takeover premium. I am a former member of the stock exchange and have not ever heard of Numis Securities previously. However, I see by the web site that they are an international firm with an office in Perth.
HFR Price at posting:
$1.62 Sentiment: Buy Disclosure: Not Held