HGO hillgrove resources limited

Ann: March Physicals Highlight Continued Operational Improvements, page-7

  1. VYR
    4,879 Posts.
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    The answer to " Does this work out better financially" is a Big Picture Yes.

    Investing capital and profits from operations to develop more of the loads that are within trucking distance of the under utilised plant is a no brainer.

    Whilst raising capital at 3.5c a share to fund that development wasn't a stand out great idea as it only speed up the process by a couple of months, while diluting existing shareholders considerably, it does mean that a proportion of profits will be available for dividends sooner.

    Good to have a decent cash balance and a stronger balance sheet given these uncertain times.


 
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