next takeover target is esg and mpo, page-14

I'm not particularly concerned about what happens to Hillgrove.

Their stake will be on the market sooner or later.

But my point simply was that if credit market conditions deteriorate for mining juniors then I think Hillgrove will:
a) be receptive to an offer for their stake; or
b) put some feelers out for interest in their stake.

If they aren't doing it too tough though, they should wait til the end of 2009 as their investment should be north of where it currently sits in value.

But time is money and they may not be able to wait.