HGO 5.80% 6.5¢ hillgrove resources limited

Ann: Trading Halt, page-17

  1. 4,769 Posts.
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    It is very common that start up mines under estimate how much capital is required to get into production .

    Saying they had received first revenue does not go close to telling the Market what was their cash burn and how close they were to being cashflow positive .
    Half expecting this to happen but saying everything was on track and within budget does not seem to have been strictly correct .

    Some in the market had either some insight into what was likely or had heard a whisper or two .
    Look forward to how they spin this .

    Hope the dilution is not too big and the price is not a large discount and there are not freebee options connected to the deal .

 
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