Ann: Change of Mine Plan, page-13

From the annual report

If Hillgrove can successfully implement the package of measures with these stakeholder groups, it should be able to generate sufficient cash flow from operations to continue operating the Kanmantoo Mine.
Unless the Group is able to obtain the agreement of all the relevant stakeholders to all of the matters set out above within the agreed period of time (12th April), then there is a material uncertainty as to whether the Company and Group will be able to continue as going concerns and therefore whether they will be able to realise their assets and extinguish their liabilities in the normal course of business.

HGO is no longer in charge of it's own destiny. Creditors now have the company destiny in their hands. The other metric that is always a bad sign is when debt > market cap. This is considered a leading indicator by some analysts of stocks that are in trouble (think SGH and STO)

Sorry to be so negative, but there is not much to be positive about.

HT1