good result with financing, page-3

H,

Yes, this announcement is very welcome. It provides the 'breathing space' HGO need whilst they become a cashflow positive copper producer. And whilst any issue of options is diluting, the fact that the options are out of the money demonstrates that the financiers believe that HGO will go well beyond the strike price of 27 cents. (+35% from current prices).

With crucial events occuring in Europe this weekend, which could result in a credit crunch (hopefully not, but it could if an agreement is not reached), the fact that HGO have secured this facility now is excellent news.

Well done HGO team.

Yaq