The turning point between development and profitable production has now been reached:
"A net cash inflow from operating activities of $21.0 million was generated for the year. While the mine continued to ramp up to its planned capacity of 1.4 million tonnes per annum (“Mtpa”), there were cash outflows of $32.0 million from investments in exploration, mine development and infrastructure as well as plant and equipment."
Some balance sheet repair is still needed but looking forward:
"As we move to our first full year of production, I am confident we will continue to further improve our financial performance and strengthen our balance sheet".
The fact that there is cash on the balnce sheet ($3.3m) and an unused line of credit ($10m) is testimony to the strength of management which should now bear fruits for investors.
Any share price weakness which may follow this report will be an excellent buying opportunity.
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- Ann: 2024 Preliminary Final Report and Annual Financial Report
HGO
hillgrove resources limited
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Ann: 2024 Preliminary Final Report and Annual Financial Report, page-2
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Last
3.6¢ |
Change
0.001(1.43%) |
Mkt cap ! $91.49M |
Open | High | Low | Value | Volume |
3.5¢ | 3.6¢ | 3.5¢ | $372.7K | 10.45M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 3460508 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 346814 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 3460508 | 0.035 |
23 | 4133720 | 0.034 |
7 | 1695757 | 0.033 |
6 | 2649107 | 0.032 |
3 | 437355 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 346814 | 1 |
0.037 | 1906187 | 6 |
0.038 | 1824104 | 7 |
0.039 | 1370303 | 3 |
0.040 | 1775471 | 9 |
Last trade - 15.31pm 08/08/2025 (20 minute delay) ? |
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HGO (ASX) Chart |