trading halt , page-14

Well well well...this has caught me a little by surprise.

A share placement to sophisticated investors is not the kind of news that you normally want to hear as a shareholder.

Hillgrove are in a solid cash position and have conveyed that they have many interested JV partners. However, this announcement seems to indicate that they might go it alone on Kanmantoo. Not something I expected nor wanted.

To strengthen this argument, bot trading has been evident in the past week or two. This was possibly the reason why we saw the price magnetise around 50c. I have a suspicion that this might well be the magic number that gets sophisticated investors in the door.

After all, David Archer did say he wanted to build a $2bn company. To fast track this happening I suppose you dont bog yourself down with joint ventures.

Anyway just my thoughts while we wait. I do have faith in the company and I am confident that shareholders will be looked after.