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2.22% 6.9¢ hillgrove resources limited

It will be interesting to see what Ariadne will do. The...

  1. kingston67
    191 Posts.
    lightbulb Created with Sketch. 9
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    01/06/18
    11:41
    Post #: 33430186
    It will be interesting to see what Ariadne will do. The conversion of notes took them to 26% on 22/12/17 so presumably they can start creeping 3% every 6 months sometime soon ? They would have a strong understanding of the cashflow projections and timetables and presumably support the future direction. Given Ariadne had $30m+ in cash on hand the $1.5m cost of picking up 3% each 6 months would be chump change for them.
    HGO Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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