HGO 0.00% 7.1¢ hillgrove resources limited

Ann: $10 Million Placement To Fund Mine Extension Drilling, page-5

  1. VYR
    4,506 Posts.
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    Great Result.

    I'm giving it a big positive tick,

    It seems the dam fault has turned our lemon aide into Champagne.

    Refills the bank account and takes us off the slow road to riches and puts us in first class on the Very Fast Train to filling the plant if the Deeps are pregnant .

    Struggling through six difficult months of ramp up to 40% capacity when the opportunity presents itself to quickly get to circa 60% by adding Emily star and north Kavanagh and the possibility of filling the plant quickly if the deeps deliver on the promise is well worth a bit of dilution.

    The 8% dilution is a good trade for the potential to quickly lift the free cash flow by circa 50%)and well more than double free cash flow if the Deeps fill the plant.
 
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