HGO 1.72% 5.9¢ hillgrove resources limited

sale of esg investment and now very cashed up

  1. 646 Posts.
    From today announcment:
    "Hillgrove Resources Limited (ASX: HGO) advises that it has entered into a securities sale
    agreement with Santos Limited for the sale by Hillgrove of a 19.99% interest in Eastern Star
    Gas Limited (“Eastern Star”) for a total consideration of $171,986,050 cash."

    Im guessing this is more than significantly enough to fund the Kanmantoo copper mine, in S.A. (and even pay off debts)
    Anyone care to comment.
 
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