Freeport are doing quite well recently: "$8.7 million increase to Freepoint royalty valuation to $16.2 million (2023: $7.5 million), following the updated Kanmantoo Mineral Resource estimate and maiden Ore Reserve." Royalties squeeze HGO dry. HGO working on their debt facility, obviously they are going to use it. Ongoing concern still here. For HGO it's business as usual. "If required, the Directors could further generate positive cash inflow through one or a combination of thefollowing: • Managing the timing of capital development drives within the mine; • Reducing operational expenditure programs and maximising mine output; • Drawing down on the existing $10 million debt facility; and/or • Support from existing shareholders and/or new shareholders."
HGO Price at posting:
4.0¢ Sentiment: None Disclosure: Held
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