Hi the administrators make a declaration that shareholders will recieve nothing in past experiences it can take up to 2 years or more or other option they recapitalise the company which usually means us current holders get diluted to nothing . Rename the company and carry on business.
In saying that with the gold price soaring to almost $3000 aud/oz where are the offers for our basically only asset ? I would have thought buyers would be lining up especially having all that antimony would not surprise me if during due-dilligence there is something about Hillgrove that puts buyers off (eg difficult to process ore) and the reason we did not proceed with mining there after spending a heap of money on drilling.
RVR Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
