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7.94% 6.8¢ hillgrove resources limited

From today announcment:"Hillgrove Resources Limited (ASX: HGO)...

  1. GMACH0
    646 Posts.
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    03/07/09
    08:42
    Post #: 5352514
    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.
    HGO Price at posting: 17.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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