Q&A with Lachlan Wallace of Hillgrove Resources, page-13

With a placement of shares, we are not offered any. I would not have bought more if I was entitled to any. Think I have enough.
Have thought about it over the last couple of days.
They want money quick, and cheaply. This is a good way. Guess the bigger shareholders get offered shares. Take it or leave it.
The last time we t got offered shares, I thought , why not use banks? Seemed strange at the time.
They proved me wrong. Imagine having a big debt, and interest to pay in this market. No debt is great.
I would love to have this share perform. So would Lachlan, as he has a significant holding.
He has performed well in his time as the boss. Has achieved things he has said he would. Mining started when he said plus other stuff.
In a nutshell, I think all is ok. I trust Lachlan and his small team.
He is doing a far better job than I could ever do running HGO.
Take care.