HGO 2.78% 7.4¢ hillgrove resources limited

Ann: 190509 RIU Resouce Round Up Presentation, page-22

  1. VYR
    4,516 Posts.
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    I think all shareholders are hardened by the fact that HGO often disappoints which I guess is reflected in the share price.

    The forecast for mining to be completed in the 3rd q of 2018 was dreaming on a grand scale. The millions just kept rolling out the door and probably continue to do so to a lesser extent.

    A forecast of all creditors on normal terms and a substantial cash balance by the end of 2018 turned out to be $2.5m of cash with creditors still sitting at $20m.

    Hopefully the cash balance has grown by more than the $1m from the PHES and the dividend doesn't have a decimal point in front of it.

    Is it too much to expect that we might also be told that UG mining at the bottom of the pit is a definite.

    Having adjusted my expections down from a banquet to a hamburger I'm now hoping for a cup of chips.




 
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