HGO
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2.78% 7.4¢ hillgrove resources limited

Ann: 190509 RIU Resouce Round Up Presentation, page-25

  1. VYR
    4,516 Posts.
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    23/05/19
    18:22
    Post #: 38716460
    I guess the lift in current assets is related to cap x on stockpiles. As we had 12 months of stockpile volume ahead of us My guess is some of the lower grades were displaced by higher grades mined during the Quater. Which would indicate we have another Quater of higher grade production and another $20m gain. Maybe $14m in April and May. Does that translate to a couple of cents in front of the decimal point or a reduction in creditors and an increase in stockpiles. That’s the big question???
    HGO Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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