HGO 3.17% 6.5¢ hillgrove resources limited

I think a lot of the time consuming stuff with the finance is...

  1. VYR
    4,477 Posts.
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    I think a lot of the time consuming stuff with the finance is done given the definitive agreement and preparation of final documentation that has been going on for the last 5 months.

    The crash in the copper price means we need a mine plan that delivers a lot more copper to give the lender comfort that they will get their money back plus interest if we are lumbered with a really low copper price.

    Freepoint will want to get their royalties as soon as possible. Good that they are also big shareholders so their haste will be tempered with concern that align with ours in terms of the hedging environment..
    Last edited by VYR: 29/08/22
 
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