HGO 1.61% 6.3¢ hillgrove resources limited

Cash Flow For Q2

  1. 172 Posts.
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    Anyone care to take a guess at cash flow for the quarter? Q1 was reportedly M$ 20.1 from the first quarterly report on top of $2.5 in the bank at year end. Q2 could be more tricky as there were some redundancies and now drilling costs for potential underground mining in addition to the divvy of M$8.7. Noted that mining ceased in May which is expected to result in significant cost reductions. Therefore perhaps Q2 will be similar to slightly better than Q1 in terms of FCF, but with the expectation of significant improvement moving forward due to cessation of mining.
 
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