Q&A with Lachlan Wallace of Hillgrove Resources, page-21

Hi,

Good comments and spot on.

as a young software developer working in the financial industry I noticed the strategy with HGo playing out over and over.

Let me explain. When a company was in the risk on phase and the sp struggling the big guns in investing would hold off buying until the risks passed. Once the risk was over they would buy in. Of course they would pay much more for the stock. So I asked once, why not buy it at say 10c with risk on, rather than pay 30c later. The answer, of course, was far more businesses in the risk on phase fail than succeed.

As I have explained. In HGOs case, they not only bypassed the risk, but they got the shares for cheap anyway!!!!!!

So I am putting my hand up for being the mug!