HGO
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2.99% 6.9¢ hillgrove resources limited

Ann: 291129 SAEMC Growth Pipeline Presentation, page-85

  1. mwilson25
    2,656 Posts.
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    15/01/20
    11:51
    Post #: 42388927
    You may well be right about the economics.

    i have stuck with HGO as I believe they have learned their lesson. As I a long time holder I reckon that up to now HGO has based its FID on optimistic analyses with little room for things to go wrong

    with this board I think that has changed. The board put a stop to doing a UG straight away after open cut ceased. Instead they wanted prior analysis - I applaud this.

    i applaud also that the board may decide not going ahead with mining without a clear long term return with allowances for things to go wrong. Not allowances for everything to go wrong but some margin for error. Then if it doesn’t work out that’s just the risks of mining.
    HGO Price at posting: 6.2¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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