As a a disappointed shareholder I am rather concerned at the lack of concise information provided.
I presume the placement is underwritten and as such I as a shareholder would expect to know the ACTUAL cost for doing so in plain English and dollars and THE percentage charged like everyone else states.
Not a combined total figure as has been apparently provided.
There is far too much lack of information here for me.
HOW MUCH DID THEY PRODUCE AND SHIP IN FEBRUARY for a start.
FREEPOINT WILL KNOW OF COURSE as they buy it and know what they paid for it,unlike us they also know what they paid for January's ore and so have made their commitment with that information in front of them,unlike the rest of us.
Very Quick to put out the January figures on WEDNESDAY 5th of FEB.
Why not FEB figures on Wednesday 4th March aye ???
That to me is material to any future value seen here and any buyer other than someone out for a quick buck at the expense of existing shareholders at a discount and I believe it to be material information given the timing of such a placement.
Simple question and to be honest amongst others that I believe I SHOULDN"T HAVE TO ASK as a shareholder,especially when the company is asking for money,offering shares at a discount to others before me.
IMHO- If every other miners financial accounts were expressed in such a way - no miner would exist profitably in todays market.
Maybe that's the future in 6 months when most other miners have to do their accounts.
To me its bull crap to log a loss on ore you may not mine due to a royalty liability if you do in so many yrs time.
Even sillier for the Aussie taxpayer to allow such hiding of actual profits for bigger longer life's miners and inflate the asset value of royalty holders.
I don't see the state royalties presented in the same manner,which to my mind they should be then and WHY aren't they????
If you never mine it isn't it is worth nothing right?
So if you right back the increase in liability,then what is the reason for such a raising, If the AISC costs don't lie then this increase in planned production would be naturally obtainable in the course of ongoing business CASH generation from operations at the newly hailed production rates,given all the new equipment already bought and expected increase in CASH FLOW as a result.
Given over $4k margin at current and last months Copper prices.
Time to come clean on the quantity of EACH MONTHS actual forward Hedges in tons as well.
Hence my change of sentiment.
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Last
3.9¢ |
Change
-0.002(4.88%) |
Mkt cap ! $101.8M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.8¢ | $107.0K | 2.733M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1521899 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 1200000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1521899 | 0.038 |
11 | 2870256 | 0.037 |
12 | 2898860 | 0.036 |
9 | 2724042 | 0.035 |
9 | 1330000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 1253556 | 2 |
0.040 | 600008 | 4 |
0.041 | 776681 | 6 |
0.042 | 774200 | 5 |
0.043 | 584285 | 4 |
Last trade - 14.54pm 16/06/2025 (20 minute delay) ? |
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