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1.89%

5.4¢ hillgrove resources limited

Ann: Trading Halt, page-34

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ducky1982

622 Posts.

95

27/02/23

19:31

Post #: 66495029
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Originally posted by Opex: ↑

That's a good point about the CU price. it's been a bit
wobbly recently and that could have been an issue with debt funding and an offtake agreement.

Ww've got another 9 plus months now for the price to shake itself out, I wasn't all that happy with the dilution but exchanging it for funding certainty and a higher probability of a bigger overall pie a little further down the track is probably the best outcome we could have gotten in the current environment. If Plan B was better it would have become Plan A

Not wanting to labour the point but out situation beats being an undiluted Cyprium shareholder at the moment.

Expand

Opex, with respect, Cyprium needed to raise significantly more funds; had significantly higher risk, and was not mine ready.

HGO had next to no risk, did not need to raise much money in the scheme of things (pay back in seven months), and had significantly lower risk.

Where HGO went wrong was poor and inexperienced management / negotiators!

They sold the farm for a song!

HGO Price at posting: 6.4¢ Sentiment: Sell Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last 5.4¢		Change 0.001(1.89%)		Mkt cap ! $113.1M

Open	High	Low	Value	Volume
5.4¢	5.4¢	5.3¢	$165.3K	3.108M

Buyers (Bids)

No.	Vol.	Price($)
1	537539	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	487724	5

View Market Depth

No.	Vol.	Price($)
1	537539	0.053
3	137934	0.052
5	868470	0.051
6	340592	0.050
1	60000	0.049

Price($)	Vol.	No.
0.054	487724	5
0.055	380000	3
0.056	149230	2
0.057	517817	2
0.058	66701	4

Last trade - 16.10pm 18/09/2024 (20 minute delay)

HGO (ASX) Chart