HGO 5.80% 6.5¢ hillgrove resources limited

Ann: $10 Million Placement To Fund Mine Extension Drilling, page-7

  1. 103 Posts.
    lightbulb Created with Sketch. 23
    I'm ecstatic, from 7.9 cents just after Lachlan spoke at the conference to 6.1 cents as I write. 23% down. Please reassure me nothing untoward went on during that period prior to the trading halt.
    "Has the real value of the company been reduced?"
    Maybe not, but with an 8.7% dilution my share of it has. I'm over the moon.
    Over 2 billion shares on issue now. We can fix that I guess with another share consolidation in the future, then we can spend the next few months watching the share price drift back to the pre-consolidation price. Looking forward to that sensation of dèjà vu, again.
    The whole lead up to this seems to have a stink about it.
    Oh well, now I've vented, I'll get back to living in hope.
 
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