HGO 0.00% 6.2¢ hillgrove resources limited

not good enough, page-4

  1. 145 Posts.
    What you say is correct - unless shares are issued at a discount, in which case AASB2 requires calculation of the weighted average number of shares in a slightly different manner. They have not done this and nor have they adjusted the prior year as required.

    I am not saying the accounting standards are great, but they do have to be adhered to.

    H - yes, you are probably right, roll on May 31 and some drilling news! I just am trying to understand the disconnect between Wilsons DCF valuation of Kanmantoo at $0.44 (at a discount rate of 11.1%) and the $0.265 price prevailing.
 
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