Heritage Gold...HGD

**FRED** · 02-04-2004, 01:00 PM

A steady rise of late, with no announcements. I wonder if a settlement with the Government re litigation is in the wind?

With the head shares now above the final warrent payment figure they maybe worth a look. 39 months to run with the warrants.

FRED

**croesus** · 02-04-2004, 01:48 PM

It is now cheaper to buy the warrants and pay the 7 c down the track...
plus you get the gearing factor....
announcement pending I am guessing.
disc own several truckloads of warrants

**FRED** · 02-04-2004, 02:08 PM

Agree. Now that the warrents have only the final payment to be paid, they are basically just an option. An option pricing model can be applied. At 10 cents for the heads the warrents come in at 6.5 cents. Using a volatility of 90 that metastock calculates.

Seem cheap with squat on offer.

I think the final call is 8 not 7

FRED

**croesus** · 02-04-2004, 05:03 PM

Pretty sure its 7c Fred..... anybody know for sure? ... my info is filed away.
Have heard rumours re the Karangahake site .. basically there is a lot more gold then thought... but I will say no more... maybe some one can add to that
disc several truckloads of warrants.

**croesus** · 02-04-2004, 05:15 PM

Chris Castle (aka the Examiner) in the Sunday Star Times on I think April 28.. almost 23 months ago..wrote a thought provoking piece on HGD they were then selling for about 3c....
If you read this Chris... your current views on this co would be appreciated

**croesus** · 07-04-2004, 08:50 AM

Interesting stuff on HGD on the Australian Sharetrader forum this morning...
disc hold warrants

**The Examiner** · 08-04-2004, 12:21 AM

Hi Croesus,

I've noticed the increase in the share price and as the holder of a few warrants I'm able to come to terms with it pretty easily. Apart from a long overdue adjustment to what was a market capitalisation far too low for the prospectivity of the company's assets, I can't really explain what is happening. But I don't now really follow either this stock or the Waihi larger picture so can't really add any new insights.

Cheers

CC

**GR8DAY** · 08-04-2004, 10:57 AM

own a few myself.......gotta' be one of the best ( if not THE best) performing stocks so far this year.....and that's on no big news?
what's gonna' happen when THE real news is released? (like confirmation of increased gold reserves....oops...and maybe a positive settlement re: coromandel)
didn't an asian group very recently buy big time into this little co.??? maybe someone could confirm this with a bit of info' on who the group is and could they know more than jo kiwi does on Heritage?