hillgrove goes it alone on kanmantoo project, page-28

bm

As I said all the approvals are in place, the mine has been announced in SA, the GM appointed and the plant purchased .... not a good time to pull out.

There's another possibility of course that we may be overlooking as some don't think it will happen .. but let's just suppose that someone moves on ESG in coming months .. then HGO will have heaps of money to pursue all their options. As this is only a "possibilty" management can't depend on it so they have moved forward funding K alone. But they must suspect its a "good" possibility or they wouldn't have sold their ESG to Santos (and included the top-up clause). And if this happens the placementees and we poor old unsophisticated investors will do very nicely thankyou.