announcement, page-22

Yes thats how I would read it to fish.
I dont virtually nothing about mining to, i realy only know about reading/interpreting financial statements

What I have noticed is some companies doing "bulk mining" can hide their losses, more than narrrow vein mining by making development drives a capital expense rather than an OPEX expense I have noticed, by inferring the drive is for many years of use but it is only used for a shorter time frame in reality.
THis means when You reade the quarterly the development drive expense is amortised over many years rather than just that previous quarter
Where as the narrow vein miners are more limited and only categorise their level development as a capital expense, not the development drives and crosscuts.
I am not going to name names of companies that do this and I dont know the situation with HEG, its up to individual investers to do their own DD