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6.3¢ hillgrove resources limited

Ann: Capital Raising Presentation, page-97

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Veritas4

265 Posts.

79

21/01/21

21:33

Post #: 50356087
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Originally posted by VYR: ↑

Could the secret to success in this game be buying in when the market, or better still a rights issue, is valuing the enterprise at way less than the its tangible asset values ?

Lets hope the celebration of success happens.

If things go belly up I will of course be up for a wake.

Veritas I'm sure, will still stump up for a shout. Dom would maybe be off the list.

Those interested in history might like to know that the origional Hillgrove mine in Armidale has started, under the ownership of red river resources, processing some old tailings with a gold grade of 2.5g/t . Next step for them is to resurrect their abandoned U/G. mines. They have jumped from 5 cents to 27 cents on the back of rising commodity prices and better grades emerging. We could jump from 3.1 to 31 cents in a flash if all goes to plan.

It would be a strange coincidence if both mines come good at the same time after many years of bad experiences.

One has to be a devil for punishment to own shares in both.

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Hi VYR

In the unlikely event things do go belly up, don’t worry. I still hope to be able to shout you a drink. Do you like Omni?

Cheers
Veritas

HGO Price at posting: 3.6¢ Sentiment: None Disclosure: Held
2 Upvote

1 Great analysis

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(20min delay)
Last 6.3¢		Change 0.000(0.00%)		Mkt cap ! $132.0M

Open	High	Low	Value	Volume
6.4¢	6.4¢	6.1¢	$106.3K	1.694M

Buyers (Bids)

No.	Vol.	Price($)
6	76770	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.4¢	464343	3

View Market Depth

No.	Vol.	Price($)
6	76782	0.062
4	603048	0.061
6	373439	0.060
4	395323	0.059
3	362000	0.058

Price($)	Vol.	No.
0.063	128600	3
0.064	425333	2
0.065	598913	3
0.066	30000	1
0.067	14940	1

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