hillgrove goes it alone on kanmantoo project, page-15

Hi guys,

HGO is reported as seeking $25m in a cap raising to 'go it alone' at K.

At the current market cap this equates to about a 12.5% dilution for existing shareholders ---> and HGO retains 100% interest in a near production copper mine.

A much better outcome IMO than giving away 50% of the project whilst you're earning a few measly % with all that cash you've got sitting in the bank account(if you believe K will be a profitable mine and that copper demand will remain solid).

Whilst a steeply discounted strike price will put some ST skids under HGO I too am hoping that many 'sophisticated' investors will jump at the opportunity, especially if DA has presented this correctly.

Cheers
John