hillgrove goes it alone on kanmantoo project, page-36

Don't bring up OZL, that was a nightmare! My worst investment by far as I held both ZIN and OXR. I cut my losses and pumped the money back into HGO at 11c. All good so far.

I haven't found anything about this cap raising, but the HC rumour mill suggests $25 mill has been raised already, at what price though? So long as its near the current price I think this is good, assuming HGO now have the cash to fund K and Indo, then keep ALL the profits.

I think we might see a bit of SP weakness early on Monday. An instant cash injection a JV would have provided an immediate SP boost, but a cap raising will be a greater benefit to the company long term and in a few weeks it would have gone up to whatever price it would have in the event of a JV.

So I'll be looking for weakness to buy a few more, and then ride the wave created by Indo results, ESG sale, and K production