HGO 2.78% 7.4¢ hillgrove resources limited

trading halt , page-21

  1. 179 Posts.
    Liquid you may be correct, management's confidence in a strong copper price moving forward may make them decide to keep the entire pie for themselves, increasing the risk/reward, as well as providing cash for an expanded exploration program on the gold prospects, I'm hoping that the company will be ramping up their exploration in these areas substantially and with the start of Kanmantoo they may have been capitally constrained. These can be seen as good things no doubt about that.

    The main thing that bugs me is that this is being done prior to preliminary BH results that were expected by now and could have seen a big re-rating prior to the capital raising. I can understand why this was done, I guess I just have to accept my non-sophisticated status.

    Still, the cash may be used as a means of expanding their current base of projects and accelerate their existing ones, an outcome that will benefit us all.
 
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