HGO 3.45% 8.4¢ hillgrove resources limited

Just a tiny correction if I may.Good to recognise that time is...

  1. VYR
    4,372 Posts.
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    Just a tiny correction if I may.

    Good to recognise that time is money and in big licks in this case

    The fact that it makes sense to drill the recently discovered deeps ASAP and not wait for months for free cash flow to emerge and to raise a bit of working capital to offset the fall in early cash flow due to a drop in the copper price to keep up the momentum of the ramp up does not mean " what they raised to go into production was not enough ".

    They got into production with what they raised didn't they? They could manage their creditors and slow the ramp up rather than raise a bit of working capital but that would be the losers option. The winning formula is the one they adopted.


 
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