HGO
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3.03% 6.8¢ hillgrove resources limited

The 'July investor update' has confirmed "Proposed capital...

  1. stocks168
    808 Posts.
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    11/07/12
    14:07
    Post #: 10420806
    The 'July investor update' has confirmed "Proposed capital raising: intended to provide working capital for the Company to focus on bringing Kanmantoo to steady state positive cash flow position".

    "Initiatives to improve operations and economics, including programs for crusher replacement and mine-life extension".

    The goal is sound, but the timing of the raising is very very bad. Why don't you do it a few months ago?
    HGO Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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