HGO 0.00% 5.5¢ hillgrove resources limited

Ann: Funds From $6m Royalty Funding Received, page-17

  1. 4,794 Posts.
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    The Market is telling us there is a big problem getting the money to start .
    The recovery in the Copper price seems to have reversed and the Market is fearing the worst .
    They have the money to keep drilling and adding to the resource and they have no real choice than to keep doing that .

    The money to start is small compared to most mine start ups but it does not help when the companies Market Cap has shrunk so quickly .

    A lot will depend on what the Copper price does from here .
    Medium term it is almost certain to go to new highs but a European and possibly a World recession may occur before that re rate of copper demand happens .

    Curse you Mr Putin !
 
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