HGO 1.33% 7.6¢ hillgrove resources limited

Good point MW and others. Maybe this current mine has always...

  1. 568 Posts.
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    Good point MW and others. Maybe this current mine has always been a dud!
    Sure, progressing UG will enable us to keep mining, but at what cost, any profits?, or just mining for sake of mining and keeping jobs. Maybe good ROI, but maybe not. Maybe just continuing the dream of one day making this pit economically productive? I have no idea. Maybe just more of the same that has been going on for the past 5-10 years?
    I did note that in the last Q of production that gold credits seemed to be of more and increased significance in our cash flow and income.
    Maybe the current pause, and getting people in to reassess what we own and where we go is what is happening now? ... stop/pause drilling at UG , preserve that cash, and review all of assets and options, and decide where that money is best spent for producing some cash? Reason for a new Chairman ?W. New strategic plan??

    If so, SH need to be formally advised that Board is organising a complete review of assets and options. And holding cash expenditure for the next (month or .....?
    Lots of ???? in this post
    Last edited by Dockie: 07/05/20
 
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