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HRN, HORIZON GOLD LIMITED
nipper
post Posted: Jun 3 2021, 05:07 PM
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Posts: 9,152
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Horizon Gold Limited (HRN) is an ASX listed gold exploration and developer based in Perth, Western Australia. Current focus of the company is on exploration and development of 100% owned Gum Creek Gold Project.


Late 2016, the company sought to acquire all of the issued share capital of Panoramic Gold Pty Ltd, the 100% holder of the Gum Creek Gold Project from Panoramic Resources Limited and is simultaneously to raise $15 million in order to conduct exploration and studies on the Gum Creek Gold Project.
Still plugging away after 4+ years...... Raised $3.3 million mid 2020 and in April 2021, raised approximately $7.0 million on the basis of 1 new fully paid ordinary share for every 4.4 shares held, at an issue price of $0.35 per share.


now around 50c




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



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